Substitution of new section for section 80JJAA.

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..... 80JJAA. (1) Where the gross total income of an assessee to whom section 44AB applies, includes any profits and gains derived from business, there shall, subject to the conditions specified in sub-section (2), be allowed a deduction of an amount equal to thirty per cent. of additional employee cost incurred in the course of such business in the previous year, for three assessment years includin .....

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..... g such particulars in the report as may be prescribed. Explanation .-For the purposes of this section,- (i) additional employee cost means the total emoluments paid or payable to additional employees employed during the previous year: Provided that in the case of an existing business, the additional employee cost shall be nil, if- (a) there is no increase in the number of employee .....

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..... (b) an employee for whom the entire contribution is paid by the Government under the Employees Pension Scheme notified in accordance with the provisions of the Employees Provident Funds and Miscellaneous Provisions Act, 1952; (19 of 1952.) or (c) an employee employed for a period of less than two hundred and forty days during the previous year; or (d) an employee who does not participat .....

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