Clause 145 - Duction for businesses engaged in collecting and processing of bio-degradable waste. - Income Tax Bill, 2025

Duction for businesses engaged in collecting and processing of bio-degradable waste. 145. (1) 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 waste for, (a) generating power; or (b) producing bio-fertilizers, bio-pesticides or biological agents; or (c) producing bio-gas; or (d) 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.