Agricultural Income & Its Tax Treatment [Section 2(1A) and 10(1)]

 

Table of Contents:

·         Income which is Partially Agricultural and Partially from Business

o    (A) Income from growing and manufacturing of any product other than Tea [Rule 7]

o    (B) Income from Growing and Manufacturing of Rubber [Rule 7A]

o    (C)   Income from Growing and Manufacturing of Coffee [Rule 7B]

o    (D) Income from Growing and Manufacturing of Tea

o     [Rule 8]

·         Tax on Non-Agricultural Income if the Assessee Earns Agricultural Income also

o    Computation of Tax where there is Agricultural Income also:

 

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