PRE-BUDGET MEMORANDUM UPASI's Pre-Budget Proposals for the Plantation Industry

摘要

In computing total income under the Income Tax Act, 1961 of an assessee who carries on the business of growing and manufacturing tea, in India, the amount of any subsidy received from or through the Tea Board under the Scheme for Replantation or Replacement of tea bushes or for Rejuvenation or Consolidation of areas used for cultivation of tea is not included as part of total income as per the provision of Section 10(30) of the said Act.