Monday, October 30, 2023

What is agriculture income, different types of Agriculture Income?

Although agricultural income is exempt from tax under the Income-tax Act, it continues to be taxed in some specific states as per the respective state's laws. But some income derived from allied agricultural activities like poultry farming, etc is not considered as agricultural income hence taxed under the Income-tax Act.

from Tax-Wealth-Economic Times https://ift.tt/nyQaqMr

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