CA. Rajat Mohan B.Com(H),ACA, ACS, DISA 1 Tax Planning through Investments SECTION 80JJA DEDUCTION IN RESPECT OF PROFITS AND GAINS FROM BUSINESS OF COLLECTING AND PROCESSING OF BIO-DEGRADABLE WASTE.
MOHAN AGGARWAL & ASSOCIATES Chartered Accountants 2
3 (A).TAXPAYER CATEGORY SECTION 80JJA This deduction is available to all categories of taxpayers.
MOHAN AGGARWAL & ASSOCIATES Chartered Accountants 4 (B).CONDITIONS SECTION 80JJA Gross total income of an assessee includes any profits and gains derived from the business of collecting, processing or treating of bio- degradable waste for (i)Generating power; or (ii)Producing bio-fertilizers; (iii)Producing bio-pesticides or other biological agents; or (iv)Producing bio-gas; or (v)Making pellets or briquettes for fuel; or (vi)Making organic manure.
MOHAN AGGARWAL & ASSOCIATES Chartered Accountants 5 (C).AMOUNT OF DEDUCTION SECTION 80JJA Deduction shall be 100% of such profits and gains for a period of 5 consecutive assessment years beginning with the previous year in which such business commences.
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