# The Finance Act, 1980, Section 18: Amendment of section 80JJ

- Act: The Finance Act, 1980 (Act 44 of 1980)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1980/section/18/

## Text

Amendment of section 80JJ 18. In section 80JJ of the Income-tax Act, with effect from the 1st day of April, 1981,— (a) in clause (a), for the words "ten thousand rupees", the words "fifteen thousand rupees" shall be substituted; (b) for clause (b), the following clause shall be substituted, namely: — " (b) in any other case, one-fifth of the aggregate amount of such profits and gains or fifteen thousand rupees, whichever is higher: Provided that in computing the aggregate amount of such profits and gains in a case where the profits and gains derived from a business of poultry farming exceed seventy-five thousand rupees, such excess shall be ignored.". [Finance (No. 2) Act, 1980] © Copyright. Taxmann Publications Pvt. Ltd.

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