Deduction u/s 80JJAA
This query is : Resolved
16 July 2009
Admissible deduction u/s 80JJAA is 30% Of addi.wages paid to regu. workmen.It is available for 3 Ass. Yrs but how?
(a) Wages of 1 Yr is available For 3 Yrs?
(b)It is available for only 3 Ass. yr in the entire life of the entity?
(a) Wages of 1 Yr is available For 3 Yrs?
(b)It is available for only 3 Ass. yr in the entire life of the entity?
16 July 2009
Dear Gaurang,
please be noted that the wording in 80jja
The deduction shall be available for 3 assessment year, including the assessment year relevant to the previous year in which such employment has been provided.
Conclusion
the duduction shall be counted from the year of providing the emplyment.
please be noted that the wording in 80jja
The deduction shall be available for 3 assessment year, including the assessment year relevant to the previous year in which such employment has been provided.
Conclusion
the duduction shall be counted from the year of providing the emplyment.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Registration as Authorised Representative of minor
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
