Tag: section 80JJAA
Software engineer in a software industry is a workman for the purpose of deduction u/s 80JJAA so long as it does not discharge any supervisory role. It is not required that workman works for entire 300 days in a previous year ABCAUS Case Law CitationABCAUS 3497 (2021) (04) …
CBDT revises Format of CA report u/s 80JJAA in respect of deduction for employment of new employees MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 104/2019 New Delhi, the 18th December, 2019 INCOME-TAX G.S.R. 937(E).—In exercise of the powers conferred by clause (c) of sub-section …
Deduction u/s 80JJAA There is no requirement of atleast 100 new workmen to be employed to claim deduction ABCAUS Case Law Citation:ABCAUS 3090 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:Panacea Biotec Ltd. Vs. ACIT 122 ITD 199 The instant appeal by the Assessee was …
Revised Form 10DA for claiming new workmen wages deduction under section 80JJAA As per the amended section 80JJAA of the Income Tax Act, 1961 w.e.f 01-04-2017, where the gross total income of an assessee who is liable for tax audit u/s 44AB having business income, a deduction of …
