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TypeBare Act JurisdictionCentral Government

Finance Act 1975 Section 13

Insertion of New Section 80jj

~1 min read
https://sooperkanoon.com/act/32984

Bare act section · Research

About this section

Finance Act 1975 Section 13 is part of Finance Act 1975 - Insertion of New Section 80jj. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In the Income-tax Act, after section 80J, the following section shall be inserted with effect from the 1st day of April, 1976, namely :-

"80JJ. Deduction in respect of profits and gains from business of live-stock breeding or poultry or dairy farming. - Where the gross total income of an assessee includes any profits and gains derived from a business of live-stock breeding, or poultry or dairy farming, there shall be allowed, in computing the total income of the assessee, a deduction as specified hereunder, namely :-

(a) in a case where the amount of such profits and gains does not exceed, in the aggregate, ten thousand rupees, the whole of such amount; and

(b) in any other case, one-third of the aggregate amount of such profits and gains or ten thousand rupees, which ever is higher".

Frequently asked questions

What does Finance Act 1975 Section 13 provide?

Section Section 13 of the Finance Act 1975 (Insertion of New Section 80jj) is reproduced on this page as part of the Finance Act 1975. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act 1975 Section 13?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 1975 Section 13. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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