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Commerce · Q629

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 629

Q629

If the aggregate agricultural income of the assessee is up to Rs. 5,000, we can disclose the agricultural income in the income tax return (ITR) 1. But if the agricultural income exceeds Rs. 5,000, then which of the following form is applied?

A.
ITR 1 again
B.
ITR 2
Answer
C.
ITR 4
D.
Any one of the above

Answer: Option B

Solution

Answer: Option B
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