Deduction in respect of employment of new employees - Section 80JJAA

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..... in all sectors. 1. Eligible Assessee Where the gross total income of an assessee to whom section 44AB applies, includes any profits and gains derived from business 2. Quantum of Deduction 30% of the additional employee cost incurred Additional employee cost means : .....

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..... usiness is not acquired by the assessee by way of transfer from any other person or as a result of any business re-organisation iii. assessee furnishes along with the return of income the report of the accountant . 5. Meaning of additional employee An employee who has been employed during the previous year and whose employment .....

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..... 0 days or 150 days , as the case may be, in the immediately succeeding year , he shall be deemed to have been employed in the succeeding year and the provisions of this section shall apply accordingly. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Tax .....

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