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of <h1>Tea, coffee and rubber growers: deduction on approved deposits up to deposit or 40% of profits, withdrawals limited, eight-year recapture</h1> An assessee engaged in growing and manufacturing tea, coffee or rubber may deduct deposits made into approved development or deposit accounts with the National Bank or as per Board-approved schemes, up to the deposited amount or 40% of business profits, whichever is less, subject to audit and filing requirements. Withdrawals are restricted to scheme purposes; permitted withdrawals on closure, death, partition, dissolution or liquidation are taxable as business income. Unused released funds, withdrawals for specified asset purchases treated as income, and sale/transfer of acquired assets within eight years triggers recapture, with specified institutional exceptions; the government may discontinue the deduction by notification.
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