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46. The sum of various heads is called as______________________.
Taxable income
Total income
Gross total income
Adjusted income
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47. The agricultural income includes___________________.
Income from the sale of crop
Income from the preparation of crop
Income from nursery
All of the above
48. ___________________comes under agricultural income.
Tea garden
Commodity farming
None of the above
49. If the agricultural income is___________________, then the agricultural income is considered for calculating tax.
More than 5,000 and total income is exceeding the exemption limit
More than 5,000
More than 10,000
Any amount
50. The Income Tax Act, 1961 broadly covers_______________.
Basic charging income
Rebates and reliefs
Incomes exempted from income tax
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