https://www.taxtmi.com/acts?id=4322 Where an assessee subject to section 44AB has business profits, a deduction equal to thirty per cent of additional employee cost incurred in the previous year is allowed for a limited multi year period, subject to conditions. The deduction excludes businesses formed by split or reconstruction, acquisitions or reorganisations, and requires furnishing the prescribed accountant's report. "Additional employee cost" covers emoluments to additional employees (first year of new business treated specially), with payment by account payee instruments or prescribed electronic modes; exclusions apply for high paid, short term, government contributed pension beneficiaries, and non participants in recognised provident fund. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 12:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4322 Where an assessee subject to section 44AB has business profits, a deduction equal to thirty per cent of additional employee cost incurred in the previous year is allowed for a limited multi year period, subject to conditions. The deduction excludes businesses formed by split or reconstruction, acquisitions or reorganisations, and requires furnishing the prescribed accountant's report. "Additional employee cost" covers emoluments to additional employees (first year of new business treated specially), with payment by account payee instruments or prescribed electronic modes; exclusions apply for high paid, short term, government contributed pension beneficiaries, and non participants in recognised provident fund. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4322