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Question 
What is agricultural income & how is agricultural income is 
totally exempt from tax (ref sec.10(1) of incimetax act)?
 Question Submitted By :: Geeta
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is agricultural income & how is agricultural income is totally exempt from tax (ref sec.10(1) of incimetax act)?
Answer
# 1		 agricultural income is the income which occurs from
agricultural business,moreover that bussiness must be a
nature of personal use.
agricultural income first added in income = aggreegate
income this it is deducted from the gross income.
it is exempted from tax 
Is This Answer Correct ?    7 Yes 2 No
Pradeep Banduni
 

 
 
 
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