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of <h1>Section 48 shifts tea, coffee and rubber deposit deductions and recapture timing into Schedule IX, changing timing and computation rules</h1> Clause 48 of the original Bill creates deductions for deposits into designated tea, coffee and rubber development accounts, charges withdrawn amounts to tax in the year of transfer/withdrawal, and recaptures that portion of an asset's cost attributable to earlier deductions if sold within eight years. The enacted Section 48 uses broader 'special/deposit account' language, omits the explicit eight-year deeming recapture and specific year-of-withdrawal phrasing, and defers operational mechanics to Schedule IX. Practically, the Bill offered clearer timing and recapture rules; the Act shifts substantive detail into Schedule IX, increasing reliance on that Schedule for computation, timing and compliance requirements.
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