https://www.taxtmi.com/circulars?id=4726 Guidelines classify plantation land into yielding, developing/non-yielding, and other virgin/unplanted categories. Yielding land is valued by the income capitalization method: average six years' gross income less average expenditures (with a 5% self-management allowance if applicable), specified expenditure items excluded, an ad hoc 25% deduction from net annual income, then capitalised using a multiplier of six. Developing land is valued as improvement cost plus market value of virgin land. Other lands are valued at market value, considering Board-recommended development-loan values. en-us Sat, 06 Feb 1982 00:00:00 +0530 Sat, 02 Aug 2008 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4726 Guidelines classify plantation land into yielding, developing/non-yielding, and other virgin/unplanted categories. Yielding land is valued by the income capitalization method: average six years' gross income less average expenditures (with a 5% self-management allowance if applicable), specified expenditure items excluded, an ad hoc 25% deduction from net annual income, then capitalised using a multiplier of six. Developing land is valued as improvement cost plus market value of virgin land. Other lands are valued at market value, considering Board-recommended development-loan values. Circulars Income Tax Sat, 06 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4726