Act Number: 43

Act Name: The Income-tax Act, 1961

Year: 1961

Enactment Date: 1961-09-13

Long Title: An Act to consolidate and amend the law relating to income-tax and super-tax

Ministry: Ministry of Finance

Department: Department of Revenue

Section 80JJA: Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste.
1Where the gross total income of an assessee includes any profits and gains derived from the business of collecting and processing or treating of bio-degradable waste for generating power 2 or producing bio-fertilizers, bio-pesticides or other biological agents or for producing bio-gas or making pellets or briquettes for fuel or organic manure, there shall be allowed, in computing the total income of the assessee, 3 a deduction of an amount equal to the whole of such profits and gains for a period of five consecutive assessment years beginning with the assessment year relevant to the previous year in which such business commences.
Notes:
1. Ins. by Act 21 of 1998, s. 35 (w.e.f. 1-4-1999). Earlier section 80JJA was inserted by Act 21 of 1979, s. 13 (w.e.f. 1-4- 1980) and later omitted by Act 11 of 1983, s. 27 (w.e.f. 1-4-1984).
2. Subs. by Act 27 of 1999, s. 51, for “, producing bio-gas” (w.e.f. 1-4-2000).
3. Subs. by s. 51, ibid., for “a deduction from such profits and gains of an amount equal to the whole of such income, or five lakh rupees, whichever is less” (w.e.f. 1-4-2000).
Scroll to Top