The assessee is engaged in the business of growing and manufacturing tea or coffee or rubber in india.
Get Tea Coffee Rubber Income Tax Pictures. The reduction of personal income tax ceiling and the raising of home loan. Want to know how to get income tax deduction on tea, coffee or rubber business?
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If the domestic company opts for 22 % rate of income tax it can not avail the following deductions/exemptions. Most people pay income tax through paye. Rule description agricultural income business income 7a income from growing and manufacture of rubber 65 had grown tea, coffee and rubber, and also plants in his estates, and the amount compute the tax payable assuming his agricultural income for the previous year was ` 1,50,000.
Aubsp » income tax » section 33ab of income tax act:
Asset acquired out of funds of scheme. Over one hundred million people in developing countries have become dependent on coffee as their primary source of income. The price discrimination between each type of coffee is rather constant. The income tax act levies tax on income after allowing deductions to be claimed for expenses which were incurred exclusively to earn the income.
