MCQOPTIONS
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| 1. |
Which one of the following is agricultural income under Income Tax Act? |
| A. | Income from the land used for storing agricultural produce. |
| B. | Dividend from a company engaged in agriculture |
| C. | Income from dairy farm, poultry farm, etc. |
| D. | Income from the sale of replanted trees where denuded parts of the forest are replanted and subsequent operations in forestry are carried out. |
| Answer» B. Dividend from a company engaged in agriculture | |