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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New Tax Deductions for Tea, Coffee, and Rubber Producers: Key Details from Schedule IX of Income Tax Bill 2025.</h1> Assessees engaged in growing and manufacturing tea, coffee, or rubber in India can claim deductions based on deposits into designated development accounts, as outlined in Schedule IX of the Income Tax Bill, 2025. Withdrawals or utilization of these funds are taxed in the year they occur. If an asset acquired through these schemes is sold or transferred within eight years, the cost associated with the initial deduction is treated as business income and taxed in the year of transfer.
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