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What is the income tax on manufacture of tea?

What is the income tax on manufacture of tea?

What is the income tax on manufacture of tea?

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Jeeba Lal Jun. 20, 2018

As per the rule 8 of the income tax act, income earned from the sale of tea grown and manufactured in India, 40% of such income shall be treated as business income and taxable accordingly.

Thus, 40% of your income from the sale of tea grown shall be taxable as business income.

What is the income tax on manufacture of tea?

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