Understanding Agricultural Income Taxation: Section 2(IA) Defines Agricultural Income's Role in Tax Rate Calculation for Non-Agricultural Earnings.
Agricultural income is not subject to taxation. However, if an individual has both agricultural and non-agricultural income, the agricultural income is considered for determining the tax rate applicable to the non-agricultural income. For a detailed definition of agricultural income, refer to section 2(IA) of the Income-tax Act.
Full Summary is availble for active users!
Note: It is a system-generated summary and is for quick
reference only.