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 Topics :
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
Related Topics :
CAclubindia
