Section 51 - Amendment of section 80JJA - Finance Act, 1999

51. Amendment of section 80JJA In section 80JJA of the Income-tax Act, with effect from the 1st day of April, 2000, - (a) for the words , producing bio-gas, , the words or producing bio-fertilizers, bio-pesticides or other biological agents or for producing bio-gas or shall be substituted; (b) for the words a deduction from such profits and gains of an amount equal to the whole of such income, or five lakh rupees, whichever is less , the words 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 shall be substituted.