What is agricultural income & how is agricultural income is
totally exempt from tax (ref sec.10(1) of incimetax act)?
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Answer Posted / pradeep banduni
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
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