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.
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.
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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
