Section 271: Income from manufacture of rubber, coffee and tea
Income from manufacture of rubber, coffee and tea.
271. (1) In terms of section 533(2)(b)(i), incomes specified in column B of the following Table, shall be computed as if it were incomes derived from business and the percentage of such incomes specified in column C thereof shall be deemed to be the income liable to tax:
TABLE
Sl. No. Percentage
A C
1. 35%
2. 25%
3. 40%
4. 40%
(2) In computing the income specified in sub-rule (1), an allowance shall be made in respect of the cost of planting rubber plants, coffee plants and tea bushes, as the case may be, in replacement of plants or bushes that have died or become permanently useless in an area already planted, if such area has not previously been abandoned.
(3) For the purposes of determining such cost referred to in sub-rule (2), no deduction shall be made in respect of the amount of any subsidy, which, under the provisions mentioned in Schedule III [Table: Sl. No. 21] to the Act is not includible in the total income.
(4) For the purposes this rule, the expression “curing” shall have the same meaning as assigned to it in section 3(d) of the Coffee Act, 1942 (7 of 1942).
Source: official text of Income-tax Rules, 2026 as published on India Code (PDF). All sections of Income-tax Rules, 2026.