In India, Agriculture income is calculated by
A) Output method
B) Input method
C) Expenditure method
D) Commodity flow method
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Answer:
In India, Agriculture income is calculated by A) Output method
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In India, Agriculture income is calculated by the Output method.
Option: A
Explanation:
- Agricultural income is the income that is got or earned as revenue from various sources of agriculture.
- It includes income for farming, income from the farming land, building structures, farmhouse, types of equipment.
- It also includes the kinds of farming operations and commercial products from agricultural land.
- The agricultural income is not taxable since it is not taken as a part of the person’s total income.
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