# The Finance Act, 1998, Section 35: Insertion of new section 80JJA

- Act: The Finance Act, 1998
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1998/section/35/

## Text

Insertion of new section 80JJA. 35. After section 80JJ of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 1999, namely :— "80JJA. Deduction in respect of profit and gains from business of col­lecting and processing of bio-degradable waste.—Where the gross total income of an assessee includes any profits and gains derived from the business of collecting and processing or treating of bio-degradable waste for generating power, producing bio-gas, making pellets or briquettes for fuel or organic manure, there shall be allowed, in computing the total income of the assessee, a deduction from such profits and gains of an amount equal to the whole of such income, or five lakh rupees, whichever is less.". © Copyright. Taxmann Publications Pvt. Ltd.

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