Answers On Topic: agricultural activities
sir, Mr. A is Agriculturist and he is doing Agriculture Activity on Lease agriculture land. Mr. A is paid Lease Rent to Landowners and also incurred huge Agricultural Expenses. In this situation Mr. A will going to claim Exemption of Net Agriculture Income for the year under consideration. Mr. A is earned handsome Agriculture Income. Please note that major income is Agriculture Income out of Total income.
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