Which one of the following is agricultural income under the Income Tax Act, 1961 ?

A Interest on arrears of rent in respect of agricultural land
B Interest received by a money-lender in the form of agricultural produce
C Income from sale of trees of forest which are of spontaneous growth and in relation to which forestry operations alone are performed
D Interest on capital received by a partner from the firm engaged in agricultural operations

Correct Answer: Interest on capital received by a partner from the firm engaged in agricultural operations

Bissoy MCQ
#Commerce #Income Tax And Corporate Tax

Related Questions

The sumof the pre-tax costs of items A ans item B is Tk. 300. In dhaka, each item would be charged a flat 7% tax. In Rangpur item A is subject to 5% tax and item b is subject to 10% tax. If the tax in Rangpur on the purchase of both items is exactly Tk 3 more than it is in Dhaka, than what is the pre - tax price of item A?
A 120
B 209
C 300
D 320
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A 3.6%
B 4.4%
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A 4750
B 4950
C 5000
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After paying 10% tax on all income over Tk. 3000. Rahima had a net income of Tk. 12000. Rahims income before tax was-
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B 12300
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A necessary,lodge
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C obligatory,submit
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A Tk. 10,000
B Tk. 12,000
C Tk. 15,000
D Tk. 20,000

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