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of <h1>'Actual Cost of Planting' Defined: Section 33A(7) Includes Land Prep, Seeds, and Upkeep Minus Covered Costs</h1> The 'Actual Cost of Planting' under section 33A(7) of the Income Tax Act 1961 includes the costs of land preparation, seeds, planting, and upkeep over a specified period, minus any costs covered by others. Costs exceeding specified limits per hectare for different areas, such as 40,000 rupees in Darjeeling, are ignored. The development allowance is for planting or replanting tea bushes, a process involving ongoing adjustments. The actual cost is determined after finalizing plans and completing planting, with interim costs considered tentative.
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