Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste [Section 80JJA] :

(i) This section provides for deduction in respect of profits and gains from the business of collecting and processing bio-degradable waste.

(ii) The deduction is allowable where the gross total income of an assessee includes any profits and gains derived from any of the following businesses –

(1) collecting and processing or treating of bio-degradable waste for generating power, or

(2) producing bio-fertilizers, bio-pesticides or other biological agents, or

(3) producing bio-gas, or

(4) making pellets or briquettes for fuel or organic manure.

(iii) The deduction allowable under this section is an amount equal to the whole of such profits and gains for a period of five consecutive assessment years beginning with the assessment year relevant to the previous year in which the business commences.