Deduction for mushroom cultivation profits established, permitting a capped allowance for non-agricultural mushroom business income. Insertion of Section 80JJA provides a deduction for profits and gains from the business of growing mushrooms that are not agricultural income, allowing a deduction equal to one-third of such profits or ten thousand rupees, whichever is less, when computing total income.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction for mushroom cultivation profits established, permitting a capped allowance for non-agricultural mushroom business income.
Insertion of Section 80JJA provides a deduction for profits and gains from the business of growing mushrooms that are not agricultural income, allowing a deduction equal to one-third of such profits or ten thousand rupees, whichever is less, when computing total income.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.