MOHAN AGGARWAL & ASSOCIATES Chartered

Report
Tax Planning through Investments
SECTION 80JJA
DEDUCTION IN RESPECT OF PROFITS
AND GAINS FROM BUSINESS OF
COLLECTING AND PROCESSING OF
BIO-DEGRADABLE WASTE.
CA. Rajat Mohan
B.Com(H),ACA, ACS, DISA
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MOHAN AGGARWAL & ASSOCIATES
Chartered Accountants
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(A). TAXPAYER CATEGORY SECTION 80JJA
This deduction is available to all categories of taxpayers.
MOHAN AGGARWAL & ASSOCIATES
Chartered Accountants
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(B). CONDITIONS SECTION 80JJA
Gross total income of an assessee includes any profits and gains
derived from the business of collecting, processing or treating of biodegradable waste for
(i)
Generating power; or
(ii)
Producing bio-fertilizers;
(iii)
Producing bio-pesticides or other biological agents; or
(iv)
Producing bio-gas; or
(v)
Making pellets or briquettes for fuel; or
(vi)
Making organic manure.
MOHAN AGGARWAL & ASSOCIATES
Chartered Accountants
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(C). AMOUNT OF DEDUCTION SECTION 80JJA
Deduction shall be 100% of such profits and gains for a period of 5
consecutive assessment years beginning with the previous year in
which such business commences.
MOHAN AGGARWAL & ASSOCIATES
Chartered Accountants
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THANK YOU
Your comments and suggestions are of utmost
importance and are always welcomed.
CA. Rajat Mohan
B.Com(H), ACA, ACS, DISA
MOHAN AGGARWAL & ASSOCIATES
Chartered Accountants
Head Office
F-31 D.B. Gupta Market, Karol Bagh, New Delhi-110005
Office Phone: 011-23672609 / 23535809
Branch Office
18A, IInd Floor, North Avenue Road, West Punjabi Bagh, New Delhi-110026
office Phone: 011-47322696/97
Website: www.delhicamohan.com
E-mail: [email protected]
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