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Agriculture
agriculture income
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Refer: finance/tax/agricultural-income
As per Section 10(1) of the I T Act, agricultural income is exempted from taxation.
The central government cannot levy tax on the agricultural income .
However, agricultural income is considered for rate purposes while assessing the income tax liability
The central government cannot levy tax on the agricultural income .
However, agricultural income is considered for rate purposes while assessing the income tax liability
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