Post by: Renu Suresh in Income Tax
CBDT Extends Due Dates of 18 Income-Tax Compliances The Central Board of Direct Taxes, Government of India provides further relief to taxpayers during the prevailing COVID-19 outbreak by extending timelines of certain compliances. CBDT announced the extension of due dates…
Post by: IndiaFilings.com in Income Tax Personal Finance
Agricultural Income - Meaning and Tax Treatment Agricultural Income is exempt from the levy of Income Tax in India. However, when a taxpayer has agricultural income, the rate at which the assessee pays tax on non-agricultural income depends on the…
Post by: IndiaFilings in Business Startup Personal Finance
Tax on Agricultural Income Agricultural income earned in India is considered as exempt as per Section 10(1) of the Income Tax Act. However, agricultural income from outside India is rendered taxable. In this article, we review the nuances of tax on…