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Agriculture income...

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2015 if i take any Agriculture Land on rent and total income earn form that land is 5 lacks..

so I required pay tax on that or its Exempt Income???
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CA R SEETHARAMAN online

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CA R SEETHARAMAN online (Expert)
01 August 2015 If the income is earned from agricultural operations then it is exempt from income tax.

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