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.
Menu
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.
Recent Topic
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
- GST Payment through DRC-03 by cash against notice
- Schedule EI for ITR1
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
Related Topics
CAclubindia
