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80jjaa deduction applicability to service sector

K S CHETTY (PARTNER) (25 Points)

12 February 2024

Dear Team

Whether 80JJAA will be appliable for service sector especially Sofware industry

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2 Replies

sabyasachi mukherjee (26073 Points)
Replied 12 February 2024

Chetty pls post your querry explicitly

CA Rashmi Gandhi (Chartered Accountant) (86243 Points)
Replied 12 February 2024

Section 80JJAA of the Income Tax Act provides deductions for the recruitment of new or additional employees. It is intended to encourage employers to hire new employees periodically. The main focus of this deduction to generate employment in all sectors of the Indian economy not only service sector.