Income-tax Act, 1961

Section - 33A - Development allowance

Development allowance.

33A. (1) In respect of planting of tea bushes on any land in India owned by an assessee who carries on business of growing and manufacturing tea in India, a sum by way of development allowance equivalent to-

(i)	-	where tea bushes have been planted on any land not planted at any time with tea bushes or on any land which had been previously abandoned, fifty per cent of the actual cost of planting; and
(ii)	-	where tea bushes are planted in replacement of tea bushes that have died or have become permanently useless on any land already planted, thirty per cent of the actual cost of planting,

shall, subject to the provisions of this section, be allowed as a deduction in the manner specified hereunder, namely :-

(a)

the amount of the development allowance shall, in the first instance, be computed with reference to that portion of the actual cost of planting which is incurred during .... To read the full section download the app from Google Play store