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<h1>Section 80JJ: Tax Deduction for Livestock, Poultry, and Dairy Farming Profits Explained. Deduct up to 10,000 or One-Third.</h1> Section 80JJ was introduced into the Income-tax Act by the Finance Act of 1975, effective from April 1, 1976. It provides a deduction for profits and gains from businesses engaged in livestock breeding, poultry, or dairy farming. If the profits and gains do not exceed 10,000 rupees, the entire amount is deductible. In cases where profits exceed this threshold, the deduction is either one-third of the total profits and gains or 10,000 rupees, whichever is greater.