Income-tax Act, 1961
Section - 80JJAA - Deduction in respect of employment of new employees
Deduction in respect of employment of new employees.80JJAA. (1) Where the gross total income of an assessee to whom section 44AB applies, includes any profits and gains derived from business, there shall, subject to the conditions specified in sub-section (2), be allowed a deduction of an amount equal to thirty per cent of additional employee cost incurred in the course of such business in the previous year, for three assessment years including the assessment year relevant to the previous year in which such employment is provided.(2) No deduction under sub-section (1) shall be allowed,-
| (a) | - | if the business is formed by splitting up, or the reconstruction, of an existing business: |
| - | Provided that nothing contained in this clause shall apply in respect of a business which is formed as a result of re-establishment, reconstruction or revival by the assessee of the business in the circumstances and within the period specified in section 33B; | |
| (b) | - | if the business is acquired by the assessee by way of transfer from any other person or as a result of any business reor .... To read the full section download the app from Google Play store
22 September 2026
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