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.
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 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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.