Deduction u/s 80JJAA: Clarification on 300-Day Employment Rule to Apply Retrospectively for New Employees.

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Full Text of the Document

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....Disallowance of deduction u/s 80JJAA - employment equal to or more than 300 days - by allowing the benefit for a new employee who is employed for less than the minimum period during the first year but continues to remain employed for the minimum period in subsequent year - second proviso is clarifactory in nature and is intended to remove the anomaly must be given retrospective effect....