Deduction for poultry farming allows a proportionate deduction from taxable profits of the poultry business. A new Income-tax provision allows a fixed fractional deduction from profits and gains derived from the business of poultry farming when computing the ... Summary
Deduction for poultry farming allows a proportionate deduction from taxable profits of the poultry business.
A new Income-tax provision allows a fixed fractional deduction from profits and gains derived from the business of poultry farming when computing the assessee's total income, treating such poultry business profits as eligible for a distinct statutory deduction separate from other business allowances.
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