https://www.taxtmi.com/acts?id=21169 An assessee subject to audit deriving business profits may claim a deduction equal to thirty per cent of additional employee cost for three assessment years where additional employees increase the workforce and emoluments are paid through prescribed banking methods. Deductions are barred for businesses formed by splitting, reconstruction, acquisition, or reorganisation (subject to limited revival exceptions). Claimants must file an accountant's report. Definitions exclude employees above a monthly emolument threshold, those with government-paid pension contributions, short-term employees, and employees not in a recognised provident fund; emoluments exclude employer contributions and terminal lump sums. en-us Fri, 06 May 2016 16:35:00 +0530 Wed, 03 May 2017 12:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21169 An assessee subject to audit deriving business profits may claim a deduction equal to thirty per cent of additional employee cost for three assessment years where additional employees increase the workforce and emoluments are paid through prescribed banking methods. Deductions are barred for businesses formed by splitting, reconstruction, acquisition, or reorganisation (subject to limited revival exceptions). Claimants must file an accountant's report. Definitions exclude employees above a monthly emolument threshold, those with government-paid pension contributions, short-term employees, and employees not in a recognised provident fund; emoluments exclude employer contributions and terminal lump sums. Act-Rules F. Acts / Amendment Acts Fri, 06 May 2016 16:35:00 +0530 https://www.taxtmi.com/acts?id=21169