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Commerce · Q375

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 375

Q375

The coffee is grown, cured and further processed, then the tax liability for the agricultural income is:

A.
60% agricultural and 40% non-agricultural
Answer
B.
50% agricultural and 50% non-agricultural
C.
40% agricultural and 60% non-agricultural
D.
65% agricultural and 35% non-agricultural

Answer: Option A

Solution

Answer: Option A
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