https://www.taxtmi.com/acts?id=3685 Income derived from the sale of centrifuged latex, cenex, latex-based crepes, brown crepes, or technically specified block rubbers manufactured or processed from field latex or coagulum obtained from rubber plants grown by the seller in India is computed as business income, and thirty-five per cent is deemed taxable. An allowance is also available for the cost of planting rubber plants in replacement of plants that have died or become permanently useless in an already planted area, subject to the condition that the area has not been abandoned, and no deduction is made for excluded subsidy amounts. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 18 May 2026 15:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3685 Income derived from the sale of centrifuged latex, cenex, latex-based crepes, brown crepes, or technically specified block rubbers manufactured or processed from field latex or coagulum obtained from rubber plants grown by the seller in India is computed as business income, and thirty-five per cent is deemed taxable. An allowance is also available for the cost of planting rubber plants in replacement of plants that have died or become permanently useless in an already planted area, subject to the condition that the area has not been abandoned, and no deduction is made for excluded subsidy amounts. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3685