Deduction for biodegradable waste processing allows full deduction of business profits for consecutive assessment years after commencement. Where gross total income includes profits and gains from collecting and processing or treating bio-degradable waste for generating power, producing ... Summary
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Deduction for biodegradable waste processing allows full deduction of business profits for consecutive assessment years after commencement.
Where gross total income includes profits and gains from collecting and processing or treating bio-degradable waste for generating power, producing bio-fertilizers, bio-pesticides or other biological agents, producing bio-gas, or making pellets or briquettes for fuel or organic manure, an amount equal to the whole of such profits and gains shall be allowed in computing total income for the consecutive assessment years beginning with the assessment year relevant to the previous year in which such business commences.
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