Section 80jja

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vivek goyal

vivek goyal (Querist)
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09 October 2014 sir plz define section 800jja

CA Shashank Jain

CA Shashank Jain (Expert)
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09 October 2014 Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste.- Where the gross total income of an assessee includes any profits and gains derived from the business of collecting and processing or treating of bio-degradable waste for generating power or producing bio-fertilizers, bio-pesticides or other biological agents or for producing bio-gas or making pellets or briquettes for fuel or organic manure, there shall be allowed a deduction of an amount equal to the whole of such profits and gains for a period of five consecutive assessment years beginning with the assessment year relevant to the previous year in which such business commences.