The total Income earned and derived by an agriculturist Vijay Kumar during the P.Y. 2020-21 comprises of: (i) from growing flowers and creepers (ii) from growing of bamboos (iii) from dairy farming (iv) from rent receive
CS Executive · Tax Laws · PYQS · December 2021
The total Income earned and derived by an agriculturist Vijay Kumar during the P.Y. 2020-21 comprises of: (i) from growing flowers and creepers (ii) from growing of bamboos (iii) from dairy farming (iv) from rent received of land used for grazing of cattle required for agricultural activities Vijay Kumar asks you to state which out of the above shall be treated as agricultural income being exempt from tax as per section 10(2) of the Act.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax Act, 1961
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