Agriculture income is exempt in India:

Related MCQs

• 14 Income from shares of a public company set up in any special Industrial zone is exempt up to-------- years from the date of commencement of commercial production.
• As per Income Tax Act, 1961, income tax is charged on the income of at a rate which are prescribed by the Finance Act of relevant assessment year.
• Receipt by a member from HUF is fully exempt
• Children education allowance is exempt up to per month per child for two children.
• Children hostel allowance is exempt up to per month per child for
• Transport allowance given by the employer to the employee is exempt up to………..
• Income received in India whether occurred in India or outside India, the tax incidence in case of resident is .
• Income received in India whether occurred in India or outside India, the tax incidence in case of resident but not ordinarily resident is .
• Income received in India whether occurred in India or outside India, the tax incidence in case of non-resident is .
• Income deemed to be received in India whether occurred in India or outside India, the tax incidence in case of resident is .