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Subsidy given to farmers exempt ?

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(Querist)
20 August 2018 Is subsidy given by government to farmers or for any agricultural purpose exempt from tax ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 August 2018 It will be considered as agricultural income exempt from tax.
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Tehseen

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Tehseen (Querist)
21 August 2018 But that way it will still eat up the lower tax rates while calculating total tax payable
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