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Income Tax - Highlights / Catch Notes

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Agriculture income - composite income - Rule 8 - business of ...


Income from Tea Business: 60% Classified as Agricultural Income u/r 8 for Tax Purposes.

October 4, 2013

Case Laws     Income Tax     HC

Agriculture income - composite income - Rule 8 - business of growing, manufacturing and selling of tea - 60% of Premium on import licence, Sale of Scrap, Misc. Garden Income, and Excise duty, etc to be treated as agriculture income - HC

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