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of <h1>Section 33A: Tea growers' development allowance - 50% new planting, 30% replacement, phased deductions, eight-year carry-forward limits</h1> Section 33A grants a development allowance to assessees carrying on tea growing/manufacturing in India for planting tea bushes: 50% of actual planting cost for new or previously abandoned land and 30% for replacement planting. The allowance is computed with reference to costs in the year land is prepared and the next year, with deductions allowed in the next and third succeeding years as prescribed. Deductions are subject to commencement/completion date limits, a 75% reserve chargeable to profit and loss and restricted for eight years, carry-forward of unused allowance up to eight assessment years, transfer and amalgamation anti-abuse rules, and prescribed definitions and per-hectare cost caps.
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