Section 145 is the substantive equivalent of 1961 s. 80 JJA. 100% deduction of profits from business of collecting and processing / treating bio-degradable waste — for generation of: (a) power; (b) bio-fuels; (c) bio-fertilisers; (d)…
145
Section 145 is the substantive equivalent of 1961 s. 80 JJA. 100% deduction of profits from business of collecting and processing / treating bio-degradable waste — for generation of: (a) power; (b) bio-fuels; (c) bio-fertilisers; (d)…
Section 145 — BIO-DEGRADABLE WASTE PROCESSING DEDUCTION (1961 s. 80JJA SUCCESSOR)
Section 145 is the substantive equivalent of 1961 s. 80JJA. 100% deduction of profits from business of collecting and processing / treating bio-degradable waste — for generation of: (a) power; (b) bio-fuels; (c) bio-fertilisers; (d) bio-pesticides; (e) bio-organic / biological agents; (f) other prescribed products. 5 consecutive AYs from year of commencement. Promotes circular-economy / waste-to-energy initiatives. Available IN BOTH OLD AND NEW REGIMES.
PLANNING NOTES
(i) For agri-waste / municipal-solid-waste / dairy-waste processing units, model 5-year deduction in DCF. (ii) Document waste-source + product-output (energy / fuel / fertiliser); audit by tax-authorities likely. (iii) Available in both regimes — no regime-choice impact.
CROSS-REFERENCES