Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Businesses Can Claim Tax Deduction for Processing Biodegradable Waste Under Section 80JJA</h1> Section 80JJA, introduced by the Finance (No. 2) Act, 1998, effective from April 1, 1999, provides a tax deduction for businesses involved in the collection and processing of biodegradable waste. If an assessee's gross total income includes profits from activities such as generating power, producing bio-gas, or making fuel pellets or organic manure from biodegradable waste, they are eligible for a deduction. The deduction is equal to the entire income from these activities or five lakh rupees, whichever is lower, when computing the total income for tax purposes.