e-Assessment under The Income Tax Act

The term “e-assessment”, in its broadest sense means the use of Information Technology Tools for the purpose of Assessments under the Income Tax Act, 1961. The Finance Bill, 2016 which proposes to amend various provisions of the Income Tax Act, 1961 read with Rule 127 of Income Tax Rules, 1962 and the Notification No. 2/2016…

Deduction under Section 80JJAA

Download a copy of this document in PDF. Sl. No. CRITERIA CONDITIONS 1 Eligible Business 1. Section 44AB applies to the assessee. 2. Gross Total Income of the assessee includes any profits and gains derived from business 2 Amount of Deduction 30% of additional employee cost incurred in the course of such business. 3 Period…