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4.8 ★★★★★ Excellence since 2016Home > Income Tax Act 2025 > Chapter VIII > Section-145Last Updated: Apr 25th 2026
Section-145 seeks to provide for deduction for businesses engaged in collecting and processing of bio-degradable waste. Learn to understand the section-145 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
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,—
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.
Quickly find the corresponding section under the new Income Tax Act, 2025.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.