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Pooja Mittal

· started a discussion

· 1 Months ago

QUESTION (Question:626071.0)

Question is not which of these incomes is not taxable but which of these is not a direct tax. So, the right answer should be "State Excise".

Question:

Which of the following is not a direct tax?

Options:
A) Estate duty
B) Agricultural income tax
C) State excise
D) Corporation tax
Solution:
Agriculture income is exempted under the "Indian Income Tax Act-1961". This means that income earned from agricultural operations will not be taxed.

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