Pawan reports net income of ₹5 lakh from the activity of growing and manufacturing rubber. How much of such income is to be treated as non-agricultural income

CS Executive · Tax Laws and Practice · PYQS · December 2015
Pawan reports net income of ₹5 lakh from the activity of growing and manufacturing rubber. How much of such income is to be treated as non-agricultural income
(A) ₹1,75,000
(B) ₹2,00,000
(C) ₹1,25,000
(D) Nil.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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