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80jjaa deduction applicability to service sector

Tax queries 410 views 2 replies

Dear Team

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

Replies (2)
Chetty pls post your querry explicitly
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.


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