https://www.taxtmi.com/article/detailed?id=956 Deposit schemes permit deduction of deposits or a proportion of profits for plantation businesses combining cultivation and manufacturing, but withdrawals are restricted to scheme purposes and may be treated as business income or render the corresponding expenditure disallowed for computing profits. The statutory definition of actual cost and the separate nature of depreciation and the special replantation allowance lead to the view that withdrawals do not reduce actual cost or allowances, though revenue may contest and treat withdrawals as affecting taxable income. en-us Wed, 22 Sep 2010 00:00:00 +0530 Thu, 23 Sep 2010 02:15:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=956 Deposit schemes permit deduction of deposits or a proportion of profits for plantation businesses combining cultivation and manufacturing, but withdrawals are restricted to scheme purposes and may be treated as business income or render the corresponding expenditure disallowed for computing profits. The statutory definition of actual cost and the separate nature of depreciation and the special replantation allowance lead to the view that withdrawals do not reduce actual cost or allowances, though revenue may contest and treat withdrawals as affecting taxable income. Articles Income Tax Wed, 22 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=956