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

Question

[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

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

Missiles Mock Test	Start Test!
SSC MTS Mock Test	Start Test
IBPS CLERK MOCK TEST	Start Test
SSC MTS 2022 JULY 26 Shift 1 (ENGLISH)	Start Test!
SSC GD Previous Year Paper 2021 Nov 17 Shift - I (Hindi)	Start Test!
SSC CGL Tier - 1 PYP 2022 April 21 Shift- 1 (ENGLISH)	Start Test!
MPSC PAPER I MOCK TEST 1 (ENGLISH)	Start Test!
IB Security Assistant Mock test 1 (english)	Start Test!
UP POLICE CONSTABLE MOCK TEST 1	Start Test!
DELHI POLICE CONSTABLE MOCK TEST 1 (HINDI)	Start Test!

Commerce Short Question | Gkseries