Tuesday, 18 March 2014

I am an agriculturist. Is my income taxable?

  1. I am an agriculturist. Is my income taxable?

Your agricultural income is not taxable per se. However, if you have any other source of income like income from investments, property etc, while calculating tax on them, your agricultural income will be taken into account, so that you pay tax at a higher rate on that other income.

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