Income Tax on Agriculture Income

By | December 1, 2017
(Last Updated On: December 1, 2017)

Income Tax on Agriculture Income

I am an agriculturist. Is my income taxable under Income Tax?​​​

Agricultural income is not taxable.

However, if you have non-agricultural income too, then while calculating tax on non-agricultural income, your agricultural income will be taken into account for rate purpose.

For meaning of Agricultural Income refer section 2(IA)​ of the Income-tax Act.

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