alleryStart learning →Mixed agricultural and business activities are first computed as what?
ABusiness income after deductions
BFully exempt agricultural income
CCapital gains after indexation
DIncome from other sources
Answer & Solution
Correct answer: A. Business income after deductions
Such income is worked out as business income after allowed deductions, and only then split between business and agricultural parts.
Keep practising Income-tax Basic Concepts
Browse all Income-tax Basic Concepts questions for CA Inter, or explore more Taxation topics.
Related questions
Which section governs deduction for charitable contributions?A deduction for medical insurance premium falls under which section?Which section allows a deduction for interest on a student loan?The Lumbini pillar inscription of Ashoka records tax relief to one-eighth instead of what?Choosing the New Tax Regime's reduced rates means giving up what?Late fees for delayed filing of a return are payable under which section?Under section 270A, misreported income attracts a penalty of what share of the tax?Scrutiny assessment is made under which section?