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Taxability of agricultaral income in case of p. firm

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(Querist)
21 January 2019 If the partnership firm taken land on lease basis and earning income on that land. Then what is the taxability of that income in the firm. whether it is taxable or not.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 January 2019 It's not taxable as agricultural income is exempt.

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