General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 35)
35.
Revenue of the state governments are raised from the following sources, except
Discussion:
16 comments Page 2 of 2.
Vinod Thakur said:
1 decade ago
In India agriculture is not considered as commercial activity, it is considered as activity of subsistence from hundreds of years. Other areas such as entertainment, expenditure, and land revenue can be seen as business activities for purpose of profit making. This is the main reason for being exclusion of agricultural revenue out side taxation.
Rohit said:
1 decade ago
What is expenditure tax? how it is levied?
Ritu said:
1 decade ago
Indian agricultural income is fully tax free in India.
Nehalshah said:
1 decade ago
There is no tax on agricultural income, so d answer is right.
Kuntal Vyas said:
1 decade ago
Yes,because in India it is non taxable
Pushpam said:
2 decades ago
there is no tax on agricultural income.
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