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What is Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste Deduction in respect of employment of new workmen? Section 80JJA and 80JJAA of Income Tax Act 1961

Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste Deduction in respect of employment of new workmen are defined under section 80JJA and 80 JJAA of Income Tax Act 1961. Provisions under these Sections are:

Section 80 JJA of Income Tax Act "Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste"

Section 80JJA. 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 or producing bio-fertilizers, bio-pesticides or other biological agents or for producing bio-gas or making pellets or briquettes for fuel or organic manure, there shall be allowed, in computing the total income of the assessee, a deduction of 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 such business commences.

 

Section 80 JJAA of Income Tax Act "Deduction in respect of employment of new workmen"

80JJAA. 2[(1) Where the gross total income of an assessee, 3[being an Indian company,] includes any profits and gains derived from the manufacture of goods in a factory, there shall, subject to the conditions specified in sub-section (2), be allowed a deduction of an amount equal to thirty per cent of additional wages paid to the new regular workmen employed by the assessee in such factory, in the previous year, for three assessment years including the assessment year relevant to the previous year in which such employment is provided.
(2) No deduction under sub-section (1) shall be allowed-

[(a) if the factory is hived off or transferred from another existing entity or acquired by the assessee company as a result of amalgamation with another company;]

Following clause (a) shall be substituted for the existing clause (a) of sub-section (2) of section 80JJAA by the Finance Act, 2015, w.e.f. 1-4-2016 :
(a) if the factory is acquired by the assessee by way of transfer from any other person or as a result of any business reorganisation;

(b) unless the assessee furnishes along with the return of income the report of the accountant, as defined in the Explanation below sub-section (2) of section 288 giving such particulars in the report as may be prescribed.

Explanation.-For the purposes of this section, the expressions,-
(i) "additional wages" means the wages paid to the new regular workmen in excess of 6[one hundred] workmen employed during the previous year :
Provided that in the case of an existing 7[factory], the additional wages shall be nil if the increase in the number of regular workmen employed during the year is less than ten per cent of existing number of workmen employed in such 7[factory] as on the last day of the preceding year;

(ii) "regular workman", does not include-
(a) a casual workman; or
(b) a workman employed through contract labour; or
(c) any other workman employed for a period of less than three hundred days during the previous year;
(iii) "workman" shall have the meaning assigned to it in clause (s) of section 2 of the Industrial Disputes Act, 1947 (14 of 1947);
8[(iv) "factory" shall have the same meaning as assigned to it in clause (m) of section 2 of the Factories Act, 1948 (63 of 1948).]

Income Tax Act 1961

What is Deduction in respect of profits and gains from industrial undertakings after a certain date, etc? Section 80I of Income Tax Act 1961

What is Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc? Section 80 IA of Income Tax Act 1961

What is Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste Deduction in respect of employment of new workmen? Section 80JJA and 80JJAA of Income Tax Act 1961

What is Deductions in respect of certain incomes of Offshore Banking Units and International Financial Services Centre? Section 80LA of Income Tax Act 1961

What is Deduction in respect of income of co-operative societies? Section 80P of Income Tax Act 1961

What is Deduction in respect of profits and gains from the business of publication of books? Section 80Q of Income Tax Act 1961

What is Deduction in respect of professional income of authors of text books in Indian languages? Section 80QQA of Income Tax Act 1961

What is Deduction in respect of royalty income, etc., of authors of certain books other than text-books? Section 80QQB of Income Tax Act 1961

What is Deduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc? Section 80R of Income Tax Act 1961

What is Deduction in respect of professional income from foreign sources in certain cases? Section 80RR of Income Tax Act 1961

What is Deduction in respect of remuneration received for services rendered outside India? Section 80RRA of Income Tax Act 1961

What is Deduction in respect of royalty on patents? Section 80RRB of Income Tax Act 1961

What is Deduction in respect of interest on deposits in savings account? Section 80TTA of Income Tax Act 1961

What is Deduction in case of a person with disability? Section 80U of Income Tax Act 1961

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