Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Section 33AB - Tea, Coffee, Rubber Development Account

Income Tax - Profit and Gains of Business or Profession - 15 - SEC - 33AB: TEA/ COFFEE/ RUBBER DEVELOPMENT ACCOUNT ELIGIBLE ASSESSEES: All assessees engaged in the business of growing and manufacturing tea, coffee or rubber in India. QUANTUM OF DEDUC .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

B is given from the composite income from business of growing and manufacturing tea/coffee/rubber i.e. composite of exempt & non-exempt income. It is not given from the non-exempt income. CONDITIONS: Assessee must deposit any amount in: i.An acco .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

g the return of income. WITHDRAWL OF AMOUNT FROM NABARD/ DEPOSIT ACCOUNT: Any amount can be withdrawn from NABARD/ Deposit Account for the purposes specified in the scheme of Tea Board or the coffee board or the rubber board, as the case may be or in .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ATION OF MONEY FROM NABARD/ DEPOSIT ACCOUNT: If any amount deposited with NABARD/ Deposit account is utilized for purchase of following assets, then the amount so utilized shall be deemed to be the income of the previous year in which assets are purc .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

cost of which is allowed as a deduction in computing the income chargeable under the head PGBP of any one previous year. NOTES: Where amount in the NABARD/ Deposit account is utilized as per the scheme for the purpose of any revenue expenditure, suc .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     Updates     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version