Q28
Which one of the following is agricultural income under the Income Tax Act, 1961 ?
A.
Interest on arrears of rent in respect of agricultural land
B.
Interest received by a money-lender in the form of agricultural produce
C.
Income from sale of trees of forest which are of spontaneous growth and in relation to which forestry operations alone are performed
D.
Interest on capital received by a partner from the firm engaged in agricultural operations
AnswerAnswer: Option D
Solution
Answer: Option D
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