Question

what part of agriculture produce
was to deposited as a tax
1.one third ( )
2.one - fourth ( )
3.One - Sixth ( )
4.one - half ( )​

Answer 1

Answer:

Agricultural income is not taxable under Section 10 (1) of the Income Tax Act as it is not counted as a part of an individual's total income. However, the state government can levy tax on agricultural income if the amount exceeds Rs. 5,000 per year.

Explanation:

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