Deduction u/s 80JJAA

Direct Taxation

Allowed as deduction for 3years(year of employment + 2year). If first year of employment is loss for the company ,will the co get 2 years or 3 years of deduction for the succeeding years

nihal ps

CA Inter

★ 4K+

18-May-21 11:57

682

Answers (1)

Deduction is only for the year of employment and two years. Even though the assessee gets loss in the first year, he will get deduction in remaining two years only.

Yoga Vishnu

CA Final

★ 11K+

18-May-21 15:48