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<h1>Deduction claim for plantation deposit schemes requires audited particulars, certified deposits, withdrawals and utilisation under the scheme.</h1> Form 3AC requires an auditor's certification-via Part I if a statutory audit exists or Part II if not-that the particulars in Part III are true and correct. Part III mandates verification of books examined; accounting method; existence of separate plantation accounts or, if absent, turnover and proportionate profit; deposits to the National Bank/Deposit Account with dates and details; withdrawals, their purposes and utilisation; unutilised balances; disposals of assets acquired under the scheme; and the computation of the permissible deduction, with supporting audited financial statements attached.
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