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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Deduction u/s 10AA - splitting up and / or re-constructing of ...


Eligibility for Tax Benefits u/s 10AA: Transferred Employees Must Be Under 50% of Total Workforce for Deduction.

August 26, 2019

Case Laws     Income Tax     AT

Deduction u/s 10AA - splitting up and / or re-constructing of existing business - where an undertaking is established by transfer of employees from existing undertaking upto 50% of employee strength, then it cannot be said the case of splitting up or reconstruction of existing business.

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