The document provides information about how a company called Scinnovation can help businesses get their research and development centers approved and recognized by the Department of Science and Industrial Research (DSIR) in India, which would provide direct tax benefits like increased tax deductions for R&D expenses as well as indirect tax benefits and access to government funding opportunities. Scinnovation offers a turnkey solution to help companies navigate the application and approval process to receive these benefits with a high success rate.

1. Save Money,
Get your R&D Recognized by DSIR, Govt of India
E: letstalk@scinnovation.in
T: +91-9962696204
W: www.scinnovation.in & www.dsir.in
24*7 No.: 91-7303712300

2. We are Scinnovation
With philosophy of “Scaling innovation” since 2005
Hello!

3. How can I Save Money?
◉Get your new or existing R&D / Technology Development Centre approved by
Department of Science & Industrial Research (DSIR), Govt. of India as an In-
house R&D centre
◉ Avail both direct and indirect tax benefits once your facility is approved by
DSIR
◉This would lead to lower tax outgo, lower input cost and access to Govt.
funding

4. What are the exact benefits?
Direct Tax
Super income tax deduction
@ 200/150% of expense
incurred on R&D Capital
expenses including
Machine, Computers, Other
tangible assets
Indirect Tax
Customs & excise duty waiver
for both import or local
purchase of capital equipment
and consumables
Indirect Tax
Excise duty exemption for
product sold in India which
have patent granted in two
countries out of India, USA,
Japan & any country in
European Union for a period of
3 years after approval
Non Financial
Access to DSIR’s funding
schemes comprising of
grants & soft loans
Non Financial
Access to bidding for Govt.
tenders and funding
programs
Direct Tax
Super income tax deduction
@200/150% of expense
incurred on R&D Operating
expenses Including
Manpower & Raw material

5. “Numbers Matter”

6. S.No. Details
1 R&D expenses including capex and opex Rs 1cr Rs. 5cr Rs. 10Crs
2 F.Y. 2016-17 tax rate for Indian corporate including
surcharge & cess and presumed for F.Y. 2017-18
34.61
34.61 34.61
3 200% deduction for R&D expenses including capex
and opex for F.Y. 2016-17 2,00,00,000.00
10,00,00,000.00 20,00,00,000.00
4 Tax savings for F.Y. 2016-17 (in the form of lower
tax outgo or increase in losses which can be carried
forward for 8 years as per current Income Tax rule
in India)
34,60,800.00 1,73,04,000.00 3,46,08,000.00
5 150% deduction for R&D expenses including capex
and opex for F.Y. 2017-18 1,50,00,000.00
7,50,00,000.00 15,00,00,000.00
6 Tax savings for F.Y. 2017-18 (in the form of lower
tax outgo or increase in losses which can be carried
forward for 8 years as per current Income Tax rule
in India)
17,30,400.00 86,52,000.00 1,73,04,000.00
7 Tax saving loss due to one month delay in decision
making affect your bottom-line 1,44,200.00 7,21,000.00 14,42,000.00

7. Rs. 100 Expense
For every
Save Rs. 17
Total success!

8. Grant Rate of DSIR Recognition
Recognized
32%
Rejected
68%
Recognized
57%
Rejected
43%
Recognized
51%
Rejected
49%
F/Y 2014-15
F/Y 2012-13
F/Y 2013-14
.......Meanwhile, Success rate of SCPL
100%
Recognized*

9. Our process is easy
TURNKEY
BASIS
SOLUTION
100%
SUCCESS
DOCUMENT
PREPRATION
&
SUBMISSION
…………Effort Less Full Success With Single Point Of Contact

10. What is the Process?
Need to have a R&D
plan from a 3-5 year
perspective
Gaps with regards to
plan, premises,
equipment &
manpower need to be
filled
Need to have a full
time R&D Head
Submission of
application & site
inspection leading to
approval as in-house
R&D centre
Need to have a dedicated
area in your premises for
conducting R&D
Need to have R&D
Achievements from R&D
department

11. Some Challenging cases
 Helped a large India public listed company with global operations get accreditation from Govt. of India
for their R&D set up after rejection of their application the first time
 Worked with a small manufacturing company to identify their R&D activities from regular
manufacturing processes, get accredited by GoI for their R&D and avail tax benefits
 Assisted a large India public listed company go through the process of renewal of their accreditation
for R&D at multiple locations and make a fresh application for a new set up in record time
 Provided a Spanish company to get the Recognition which got appreciation from DSIR

12.  Establishing the linkage between your business goals and R&D for DSIR, your board, media & other
stakeholders
 Site visit to understand R&D operations and identification of gaps which needs to be addressed
 Orienting R&D Head towards expectations from DSIR towards the scheme
 Preparation of a 3 to 5 years R&D plan
 Preparation & submission of application
 Responding to any queries raised & working towards receiving recognition from DSIR
 Helping you maintain the status provided by DSIR which has a 3 year tenure from year of grant
How will Scinnovation help?

13.  In rare case Scinnovation is not successful in getting you recognition from DSIR for your R&D centre in
spite of best efforts, then we will reapply again without any addition cost
 A proposal has to be submitted separately for each R&D centre whether it is located in the same city or
in another city in India
 It is our endeavor to ensure that we can make your R&D centre compliant for this scheme with zero or
minimum investment but whatever minimum investment required to make you compliant will have to
be borne by you
 A proposal will be submitted once we are certain that your R&D centre meets the compliance required
and the documentation is in place
 We will not charge you travel and out of pocket expenses separately for this engagement (after
evaluation visit)
Finer Points of the Scheme!

14. Our
NCR
Office
Our
Head
Office
Our
Chennai
office

15. Any questions ?
You can find us at:
◉ E: letstalk@scinnovation.in
◉ T: +91-9962696204
◉ W: www.scinnovation.in & www.dsir.in
◉ 24*7 No.: 91-7303712300
Thanks!

16. Suggested Reading Material
 Our CEO’s Article on “why there are only 1800 Companies having DSIR Recognition”
https://celebrateinnovation.wordpress.com/2016/05/19/why-there-are-only-1800-companies-
availing-rd-tax-benefits-in-india/
 List of R&D centres approved by DSIR as on December 2016 available
http://www.dsir.gov.in/#files/direct/dir_rdi_dec16.html
 Guidelines of recognition of In-House R&D centres:
http://www.dsir.gov.in/#files/12plan/bird-crf/rdi.html
 DSIR annual report for F.Y 2016-17
http://www.dsir.gov.in/#files/a_report/english/2016.html