Amendment of section 80JJAA.

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Full Text of the Document

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....effect from the 1st day of April, 2020. - Clause 27 of the Bill seeks to amend section 80JJAA of the Income-tax Act relating to deduction in respect of employment of new employees. Clause (b) of the first proviso to clause (i) of the said Explanation specifies that the additional employee cost in case of an existing business shall be nil if the emoluments are paid otherwise than by an account ....