1. Agriculture Income Tax is levied and collected by the Union Government. |
2. Agriculture Income Tax is levied throughout the country in India. |
A) 1 only
B) 2 only
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: D
Solution :
Agricultural income tax is levied on the income from Agriculture. At present agriculture is subjected to two direct taxes and they are agricultural Income tax and Land Tax. They are levied by the state governments. Not all states levy agricultural income tax.You need to login to perform this action.
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