Latest on 80JJAA benefits for staffing companies
On one side, the Income Tax Dispute Resolution panel has disallowed Sec 80JJAA deduction for Quess for FY19 (already FY18 is pending at Income Tax Appellate Tribunal).
Other side, latest credit rating report shows Income Tax Dept has allowed the 80JJAA benefit to teamlease for FY20 & FY21 although FY18 & FY19 are still under litigation.
https://www.icra.in/Rationale/ShowRationaleReport/?Id=122107
Hoping to hear something on this from Quess soon, specially if AO has allowed 80JJAA benefit for FY20& FY21, it will clear a major industry overhang.
But in case, it is disallowed for Quess but allowed for Teamlease, it will raise another set of questions.
| Subscribe To Our Free Newsletter |
