CA Inter Paper 3 Taxation Practice Questions - CA Intermediate Paper 3 Taxation Exam

Agricultural income earned in India is:

Exempt under section 10(1) but may be aggregated for rate purposes Fully taxable under the head Income from Other Sources Taxable only if it exceeds Rs. 5,000 Always exempt with no impact on tax computation

Correct Answer:

Exempt under section 10(1) but may be aggregated for rate purposes

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