If the assessee is engaged in the business of growing and manufacturing tea in India, the agricultural income in that case shall be:
A. 40% of the income from such business
B. 60% of the income from such business
C. Market value of the agricultural produce minus the expenses on cultivation of such agricultural produce
D. None of the above
Answer:B
If the assessee is engaged in the business of growing and manufacturing tea in India, the agricultural income in that case shall be:
A. 40% of the income from such business B. 60% of the income from such business C. Market value of the agricultural produce minus the expenses on cultivation of such agricultural produce D. None of the above