Dear Team
Whether 80JJAA will be appliable for service sector especially Sofware industry
2 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 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.
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