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.
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