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100% Tax Deduction on Agriculture income?
short by / on Tuesday, 5 March, 2024
Become a farmer and get 100% deduction under Section 10(1) of Income tax act. This provision exempts income from agricultural activities, including revenue from land cultivation, basic tasks like tilling and sowing, and subsequent activities like weeding and pruning. It also covers income from the sale of agricultural produce, offering significant financial relief and fostering sectoral growth.
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