Agricultural Income

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Pl. tell slabs of rebate of agricultural income for ay 2009-10
Replies (3)

There is no slab related to Agriculture Income.

Originally posted by :sachin patil
" Pl. tell slabs of rebate of agricultural income for ay 2009-10  


 

"slabs of rebate of agricultural income "

Please confirm !  are you really studying Income Tax Act,  1961 ; as there is no concept of "rebate of agricultural income "in IT act, till now.

 

Better  change your Income tax book , from which this point has been emerged

 

 Dear Sachin, there is no tax on agricultural income levied under the central income tax act.

The power to levy taxes on agriculture has been delegated to the states under their respective Agricultural Income Taxes Acts. So the provisions are different in different states. Depends on which state you are in. 

 

(For Eg, From my very limited knowledge & experience, only large cultivators/plantations/Cash crops cultivators generate sufficient volume to fall under the Agricultural Income  Tax Act in Kerala) 

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