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Agriculture income.
what is a agricultural income ?
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Agriculture Income is defined under section 2(1A) of the Income Tax act - Any rent or revenue derived from land which is situated in India and is used for agriculture purpose .
Agricultural income refers to income earned or revenue derived from sources that include farming land, buildings on or identified with an agricultural land and commercial produce from a horticultural land. Agricultural income is defined under section 2(1A) of the Income Tax Act, 1961.
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