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of <h1>Income from Sale of Rubber Products: 35% Taxable Business Income, 65% Agricultural Income Under Rule 7A of Income-tax Rules.</h1> Rule 7A of the Income-tax Rules, 1962, specifies that income from the sale of certain rubber plant products grown in India is treated as business income. The products include centrifuged latex, cenex, various latex and brown crepes, technically specified block rubbers, and coagulum. For tax purposes, 35% of this income is considered taxable business income, while 65% is classified as agricultural income.
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