Insertion of new section 80JJ
Section 13 of the Finance Act, 1975 deals with insertion of new section 80JJ. Insertion of new section 80JJ 13. In the Income-tax Act, after section 80J, the following section shall be inserted with effect from the 1st day of April, 1976, namely: — Deduction in respect of profits and gains from business of live-stock breeding or poultry or dairy farming "80JJ. The Act was enacted on 09 May 1975.
Insertion of new section 80JJ
13. In the Income-tax Act, after section 80J, the following section shall be inserted with effect from the 1st day of April, 1976, namely: —
Deduction in respect of profits and gains from business of live-stock breeding or poultry or dairy farming
"80JJ. Where the gross total income of an assessee includes any profits and gains derived from a business of live-stock breeding, or poultry or dairy farming, there shall be allowed, in computing the total income of the assessee, a deduction as specified hereunder, namely: —
(a) in a case where the amount of such profits and gains does not exceed, in the aggregate, ten thousand rupees, the whole of such amount; and
(b) in any other case, one-third of the aggregate amount of such profits and gains or1 ten thousand rupees, whichever is higher.".
[Finance Act, 1975]
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Section 13, The Finance Act, 1975 (Act 25 of 1975).
Questions about Section 13
What does Section 13 of the Finance Act deal with?
Section 13 of the Finance Act is headed "Insertion of new section 80JJ". Insertion of new section 80JJ 13. In the Income-tax Act, after section 80J, the following section shall be inserted with effect from the 1st day of April, 1976, namely: — Deduction in respect of profits and gains from business of live-stock breeding or poultry or dairy farming "80JJ.
How do I find court cases under Section 13 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1975 13, section 13 Finance Act 1975, section 13 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was Section 13 of the Finance Act enacted?
Section 13 of the Finance Act, cited as Finance Act 1975 13, was enacted on 09 May 1975 as Act 25 of 1975. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule5362 words
- 2. Income-tax1610 words
- 6. Amendment of section 40A1382 words
- 12. Amendment of section 80J1302 words
- 3. Amendment of section 10609 words
- 24. Consequential amendments to certain sections440 words
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