Keshav Aggarwal

Step for claiming deduction under section 80JJAA: Deduction in respect of employment of new employees

Essential conditions to claim deduction under section 80JJAA: (a)  Business of taxpayer should not be formed by splitting up or reconstructing of an existing business; (b)  Business should not be acquired by tax payer as a result of transfer from another person or on account of business reorganization;