I have heard that agriculture in exempt under the income tax act but why it is mention in central excise act that state government has the right to tax agriculture income.
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Agriculture income
Replies (2)
you are right in income tax there is no taxation, even there is no right in the constitution to wage tax on agriculture but i dont know how states tax agriculture
agriculture is not restircted to fruits/ vegetables/ foodgrains, but narcotics and tobacco is also agro products, which is controlled by state excise and state taxation department.
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