Additional and new employmen: Incentive deduction u.s. 80JJAA- liberal and practical approach is required to achieve purpose - should be allowed to professionals in practice as they enter into adventure in nature of commerce by taking risks and also to small businesses and professionals having low turnover and no TAR requirement. https://www.taxtmi.com/article/detailed?id=9709 Section 80JJAA's employment incentive should be liberalised so professionals who start practice and employ others qualify as undertaking an adventure in the nature of commerce and thus be eligible for the deduction irrespective of low turnover or audit-linked thresholds; complex conditions and procedural barriers should be simplified to enable small businesses and professionals who create and train new employees to access the benefit. en-us Mon, 15 Mar 2021 08:38:47 +0530 Mon, 15 Mar 2021 08:38:47 +0530 TaxTMI RSS Generator Additional and new employmen: Incentive deduction u.s. 80JJAA- liberal and practical approach is required to achieve purpose - should be allowed to professionals in practice as they enter into adventure in nature of commerce by taking risks and also to small businesses and professionals having low turnover and no TAR requirement. https://www.taxtmi.com/article/detailed?id=9709 Section 80JJAA's employment incentive should be liberalised so professionals who start practice and employ others qualify as undertaking an adventure in the nature of commerce and thus be eligible for the deduction irrespective of low turnover or audit-linked thresholds; complex conditions and procedural barriers should be simplified to enable small businesses and professionals who create and train new employees to access the benefit. Articles Income Tax Mon, 15 Mar 2021 08:38:47 +0530 https://www.taxtmi.com/article/detailed?id=9709