As per sec 80JJAA there should be atleast 10% increase in the no. of employees in case of an existing business.
So does it means that the 10% increase is checked for all the employees who joined during the year or is it checked for only those employees who worked more than 300 days?
eg. in case where the no. of employees in the begining - 105
no . of employee joined during the year - 84
no . of employee leaved during the year - 54
no. of employees worked for more than 300 days - 09
So in the present case wheather the deduction will be allowed for 9 employees or not?
CAclubindia
