MCQOPTIONS
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| 1. |
If the assessee is engaged in the business of growing and manufacturing tea in India ,the agricultural income in that case shall be: |
| A. | 40% of the income from such business |
| B. | 60% of the income from such busines |
| C. | Market value of the agricultural produce minus expenses on cultivation of such produce |
| D. | None of the above |
| Answer» C. Market value of the agricultural produce minus expenses on cultivation of such produce | |