{"act":{"id":"finance-act-1999","short_title":"The Finance Act, 1999","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1999-2000.","act_number":null,"act_year":1999,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":102,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1999/"},"unit":"section","section":{"number":"51","heading":"Amendment of section 80JJA","text":"Amendment of section 80JJA. 51. In section 80JJA of the Income-tax Act, with effect from the 1st day of April, 2000,— (a ) for the words \", producing bio-gas,\", the words \"or pro­ducing bio-fertilizers, bio-pesticides or other biological agents or for producing bio-gas or\" shall be substituted; (b ) for the words \"a deduction from such profits and gains of an amount equal to the whole of such income, or five lakh rupees, whichever is less\", the words \"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\" shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 80JJA.</b></p><p><b>51.</b> In section 80JJA of the Income-tax Act, with effect from the 1st day of April, 2000,—</p><p>(<i>a</i> ) for the words \", producing bio-gas,\", the words \"or pro­ducing bio-fertilizers, bio-pesticides or other biological agents or for producing bio-gas or\" shall be substituted;</p><p>(<i>b</i> ) for the words \"a deduction from such profits and gains of an amount equal to the whole of such income, or five lakh rupees, whichever is less\", the words \"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\" shall be substituted.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":124,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1999/section/51/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}