Webb11 maj 2024 · Taxable income: Rs 4.60 lakhs-Rs 2.50 lakhs=Rs 2.10 lakhs Under the existing slab, the farmer will have to pay 5% of the remaining amount in tax. Tax on sale of agricultural land Tax liability will arise on capital gains, if the farmer sells his agricultural land for compensation. WebbStep 1: Compute the income of growing as well as manufacturing tea under the head 'profits and gains of business or profession' after claiming the deductions available …
Section 33AB of Income Tax Act Tea development account, coffee …
Webb10 apr. 2024 · Similarly, exports of traditional commodities such as tea, coffee, rubber and minerals once yielded significant revenue from the export duties that were imposed on such commodities. In 1980, 67 countries imposed export duties; following the WTO, they would eventually come to abolish them reflecting the detrimental effects they had on the … Webb13 apr. 2024 · These Boards are responsible for production, development and export of tea, coffee, rubber, spices and tobacco. Registration with Income Tax Authorities Goods exported out of the country are eligible for exemption from both Value Added Tax and Central Sales Tax. green bins nuneaton and bedworth
Section 33AB Tea Coffee Rubber Development Account - Special Cases
Webb22 maj 2024 · Rule 7A – Income from manufacture of Rubber Income derived from the sale of rubber obtained from rubber plants grown by the seller in India shall be computed as … Webb23 juni 2024 · Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number … Webb10 jan. 2024 · The Income Tax Act, 1961 provides for special treatment of income from rubber, tea, coffee, etc. This is because these products require a different agricultural … green bin south tyneside council