Others

Miscellaneous

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

Which one of the following is agricultural income under the Income Tax Act, 1961 ? (2 marks)

Interest on arrears of rent in respect of agricultural land.

Interest received by a money-lender in the form of agricultural produce.

Income from sale of trees of forest which are of spontaneous growth and in relation to which forestry operations alone are performed.

Interest on capital received by a partner from the firm engaged in agricultural operations.

Interest on arrears of rent in respect of agricultural land.