Sir,
A person in nursery businees in urban area using land for that purpose having current account in bank. how much tax implended on him if he deposited 40 lac in his firm account.
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Nursery income in urban area
Replies (1)
As per income tax act, income from nursery treated as agriculture income and exempt under income tax act . according the ur problem, deposit the 40 lac is exempt as per income tax provision.
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