If the agricultural income is ……….. then the agricultural income is considered for calculating tax.

Related MCQs

• As per Income Tax Act, 1961, income tax is charged on the income of at a rates which are prescribed by the Finance Act of relevant assessment year.
• Income tax is collected on all types of income except .
• The income is chargeable under the head of salary under ……………of Income Tax Act, 1961.
• The following is exempt income from Income Tax:.
• Agricultural income is completely exempted for assessment year
• The agricultural income includes .
• …………..comes under agricultural income.
• The Income Tax Act came into force from .
• The Income Tax Act came into force all over India except .
• The income from foreign companies by providing the services in project connected with security of India is from tax liability.