Question
Under the Income Tax Act, 1961, which of the following
incomes is fully exempt from tax in the hands of the individual taxpayer?Solution
As per Section 10(1) of the Income Tax Act, 1961, agricultural income is fully exempt from income tax under the Indian tax law. This exemption arises because agriculture is a state subject and agricultural income is not included in the purview of income tax for individuals. Other incomes such as salary, capital gains, and interest income are taxable under various sections of the Act.
The Targeted Public Distribution System (TPDS) was launched in the year……………
Which state use blockchain technology for seed distribution?
The relationship between two organisms, where both of them benefit from each other is called:
Red worms have a structure named ______ which helps them in grinding their food.
Where was the 'Azad Hind Fauj' (Indian National Army) established?
………………………..launched a common credit portal “SAFAL” for welfare of farmers.
A minimum of how many satellites would required to cover the entire agricultural area of india under the “ Bharat Krishi Satellite Programme”?
Heavy infestation of which of the following causes poor ploughing performance:
India’s agro-tourism market size in 2024 (IMARC 2024) is:
Pusa Narendra Kalanamak, which was tested recently, is a variety of which crop?
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