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Commerce · Q126

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 126

Q126

Which one of the following is agricultural income under Income Tax Act?

A.
Income from the land used for storing agricultural produce
B.
Dividend from a company engaged in agriculture
C.
Income from dairy farm, poultry farm, etc
D.
Income from the sale of replanted trees where denuded parts of the forest are replanted and subsequent operations in forestry are carried out
Answer

Answer: Option D

Solution

Answer: Option D
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