Remuneration of variable % based on produce received by a managing agent from company earning agricultural income.
Is the above income agricultural or non agricultural income?
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Agricultural Income
Replies (4)
Commission is non agricultural income.
The commission is not covered by the definition of agricultural income given under section 2(1A). Therefore, the same shall be taxable as Non-Agricultural Income.
is the Agriculture income earned by the limited company or a partnership firm taxable or exempt?
kindly reply
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