Multiple Choice Questions on First state to impose Agricultural Income tax in India ........... for Jharkhand Civil Services (JPSC) Preparation

Agriculture

Indian Economic System(CSC)

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Indian Economy - Understanding the basics of Indian economic system

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    First state to impose Agricultural Income tax in India?                                     

    Madhya Pradesh

    Incorrect Answer

    Uttar Pradesh

    Incorrect Answer

    West Bengal

    Incorrect Answer

    Bihar

    Correct Answer
    Explanation:
    Bihar was the 1st state to impose Agricultural Income tax in India.
    Agricultural income earned by a taxpayer in India is exempt under Section 10(1) of the Income Tax Act, 1961. Agricultural income is defined under section 2(1A) of the Income-tax Act.

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