1. Crops produced for immediate sale for earning are called
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Agricultural income refers to income earned orrevenue derived from sources that includefarming land, buildings on or identified with anagricultural land and commercial produce from a horticultural land. Agricultural income is defined under section 2(1A) of the Income Tax Act, 1961
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Cash crop farming refers to a type of farming where agricultural crops are grown for the purpose of sale or to make profits, instead of subsistence or barter. It is also called commercial farming or cash cropping.
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