IF A COMPANY HAS 88 EMPLOYEES INCLUDING 50 CASUAL WORKMEN, 20 CONTRACT WORKMEN AND REST REGULAR AT THE END OF F.Y.2008-2009. IN FY 2009-10 CO. EMPLOYED 50 NEW WORKMEN IN WHICH 20 ARE CASUAL, 20 ARE CONTRACT WORKMEN AND 10 ARE REGULAR WORKMEN. IN THIS CASE WOULD COMPANY ELIGIBLE FOR DEDUCTION U/S 80 JJA? IF YES FOR HOW MUCH EMPLOYEES?
Menu
DEDUCTION IN RESPECT OF NEW EMPLOYMENT u/S 80
Replies (1)
30% of Wages paid to all ten new regular workman will be allowed as deduction u/s 80JJA provided that those new workmen are employeed for 300 days or more.
Recent Topics :
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
Related Topics :
CAclubindia
