Agricultural income: Why there is Zero Tax on Agri Income?
Agricultural income earned in India is exempt under Section 10(1) of the Income Tax Act, 1961. You can have an unlimited amount of agricultural income without paying income tax.
Agricultural income earned in India is exempt under Section 10(1) of the Income Tax Act, 1961. You can have an unlimited amount of agricultural income without paying income tax.
A taxpayer needs to Link Aadhar card with ITR before filing Income-tax Return. The linking of an Aadhar card is necessary before filing ITR, without this, ITR will not be complete.
It is used for every necessary work from bank to bank. It helps the Income Tax Authority to keep track of all financial transactions. Assessment of tax liability becomes easy. Also, if someone evades tax, then the PAN card gets information.