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Write a note on Agricultural Income. - Commerce

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प्रश्न

Write a note on Agricultural Income.

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उत्तर

Any rent or revenue derived from land which is situated in India and is used for agriculture purposes. Agricultural income is fully exempted from tax u/s 10(1) and as such does not form part of total income.

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Income Tax
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 32: Direct Taxes - Exercises [पृष्ठ ३२०]

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सामाचीर कलवी Commerce [English] Class 11 TN Board
अध्याय 32 Direct Taxes
Exercises | Q III. 3. | पृष्ठ ३२०
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