CBDT Extends Due Dates of 18 Income-tax Compliances

CBDT Extends Due Dates of 18 Income-Tax Compliances The Central Board of Direct Taxes, Government of India provides further relief to taxpayers during the prevailing COVID-19 outbreak by extending timelines of certain compliances. CBDT announced the extension of due dates…

Agricultural Income – Meaning and Tax Treatment

Agricultural Income - Meaning and Tax Treatment Agricultural Income is exempt from the levy of Income Tax in India. However, when a taxpayer has agricultural income, the rate at which the assessee pays tax on non-agricultural income depends on the…

Tax on Agricultural Income

Tax on Agricultural Income Agricultural income earned in India is considered as exempt as per Section¬†10(1) of the Income Tax Act. However, agricultural income from outside India is rendered taxable. ¬†In this article, we review the nuances of tax on…