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Taxation of subsidy received by farmers

This query is : Resolved 

Sir/Madam,
Can u plz tell me whether any subsidy received from State Govt by farmers is taxable in the hands of farmers? If yes,under which section and which head?


Subsidy received by farmers will be considered as agricultural income exempt from tax.

Sir,in that case should it be clubbed with Agricultural income as i'm having other taxable income so that i can calculate rebate on agricultural income

Yes club it with agricultural income.


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