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Asked by Prashant on :Jun. 13, 2018

Hello everyoneI am a farmer having annual income …

Hello everyoneI am a farmer having annual income of 6 lakhs. Is my income is taxable?

Hello everyone

I am a farmer having annual income of 6 lakhs. Is my income is taxable?

0

Jeeba Jun. 13, 2018

No,
As per the income tax act, agriculture income is exempt from tax. If you have income other than agriculture income, you agriculture income also be considered for the rate purpose.

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