Amendment status not verified — confirm the current text below against the official source.
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 other 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.