alleryStart learning →For mixed agricultural and business activities, which shares are treated as business income?
A50, 40 or 30 percent
B40, 35 or 25 percent
C60, 50 or 40 percent
D30, 20 or 10 percent
Answer & Solution
Correct answer: B. 40, 35 or 25 percent
After computing business income, 40, 35 or 25 percent is treated as business income and the rest as agricultural income.
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