In case of an assessee engaged in the business of manufacturing of tea, his agricultural income is:

Related MCQs

• Ramesh Tea Ltd., acquired a motor car for Rs. 6,20,000 on 30.08.2018. The company is engaged in manufacture of tea in India. The amount of depreciation allowable on such motor car would be __________.
• Dividend received by a shareholder of an Indian Company engaged in growing and manufacturing of tea shall be treated as:
• New plant and machinery acquired and put to use by an assessee engaged in transmission of power is eligible for additional depreciation at ____ of actual cost.
• Remuneration to partner of a firm engaged in the business of growing and manufacturing rubber in India is:
• Mr. A has loss from regular business of Rs. 8lakhs and income from speculation business of Rs. 11 lakhs. His total income chargeable to tax would be
• Padmaja Power Co. (P) Ltd. is engaged in generation and distribution of electrical power. It avails deduction under section 80-IA. The gross receipts of the company is Rs. 89 lakhs. The last date for filing the return of income in order to be eligible to avail deduction under section 80-IA is ________________ . (Note: Assume there is no extension of time for filling the return of income)
• Dividend from a company which is engaged in agricultural activities is:
• For the purpose of levying tax on income other than agricultural income, Union List contained entry
• In case of an individual or HUF, agricultural income is
• Casual income received by the assessee