GkSeries.com

Commerce Short Question | Gkseries

Q.

Which one of the following is agricultural income under the Income Tax Act, 1961 ?

[A] Interest on arrears of rent in respect of agricultural land
[B] Interest received by a money-lender in the form of agricultural produce.
[C] Income from sale of trees of forest which are of spontaneous growth and in relation to which forestry operations alone are performed
[D] Interest on capital received by a partner from the firm engaged in agricultural operations
Answer & Explanation

Answer: Interest on capital received by a partner from the firm engaged in agricultural operations

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Please share this page

Click Here to Read more questions

Teacher Eligibility Test