, 4 tweets, 2 min read Read on Twitter
#FunFact Congress which is trending hashtags against Modi did not enact any tax incentives for businesses which generated jobs. It was Vajpayeeji's Govt that enacted #Section80JJAA of Income-Tax Act in 1998. Of course, it was applicable to factory jobs only
UPA amended it in 2013 and limited deductions to Indian companies only . Then Modi Govt COMPLETELY rewrote the section in 2016 to extend the incentives for job creation to all sectors including non-corporates
Thanks to the 2016 rewrite by Modi Govt. Form NO DA audit reports from CAs which are required to be e-filed for claiming #80JJAA when aggregated will give a fair idea of formal sector jobs created for FYs 2016-17 onwards
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