Grow Green Tea Company having tea gardens in Assam engaged in growing and manufacturing of tea in India. Total profits of the company from the business of growing/plantation and manufacturing of tea for the year ended 31
CS Executive · Tax Laws · PYQS · December 2020
Grow Green Tea Company having tea gardens in Assam engaged in growing and manufacturing of tea in India. Total profits of the company from the business of growing/plantation and manufacturing of tea for the year ended 31.03.2020 are of ₹2,50,000. Profits subject to tax as business income under Rule - 8 of the Income-tax Rules for A.Y. 2020-21 shall be
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income from Business or Profession
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