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of <h1>Deductions for Contributions to Tea, Coffee, Rubber Accounts Limited to Lesser of Deposit or 40% Business Profits</h1> The statutory provisions outline deductions for contributions to Tea, Coffee, and Rubber Development Accounts when computing business income. Deductions are limited to the lesser of the deposited amount or 40% of business profits. Eligibility requires the business to operate in India and maintain audited accounts. Withdrawals from these accounts are restricted and, if misused or not utilized as intended, may be taxed as business income. Assets acquired under these schemes have specific conditions for sale or transfer, with tax implications if conditions aren't met. Definitions for key terms and entities involved are provided to ensure compliance and clarity.
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