# The Finance Act, 1979, Section 13: Insertion of new section 80JJA

- Act: The Finance Act, 1979 (Act 21 of 1979)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1979/section/13/

## Text

Insertion of new section 80JJA. 13. In the Income-tax Act, after section 80JJ, the following section shall be inserted with effect from the 1st day of April, 1980, namely :— " 80JJA. Deduction in respect of profits and gains from business of growing mushrooms.—Where the gross total income of an assessee includes any profits and gains derived from a business of growing mushrooms, not being profits and gains that are in the nature of agricultural income, there shall be allowed, in computing the total income of the assessee, a deduction from such profits and gains of an amount equal to one-third of such profits and gains or ten thousand rupees, whichever is less. ". [Finance Act, 1979] © Copyright. Taxmann Publications Pvt. Ltd.

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