Deduction for businesses engaged in collecting and processing of bio-degradable waste.
145. If 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 waste57 for,—
| (b) |
|
producing bio-fertilizers, bio-pesticides or other biological agents; or |
| (c) |
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producing bio-gas; or |
| (d) |
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making pellets or briquettes for fuel or organic manure, |
there shall be allowed a deduction equal to the whole amount of such profits and gains for five consecutive tax years, beginning with the tax year in which such business commences.
