Agricultural Income and Taxation Reforms: Navigating India’s Income Tax Bill 2025
Agricultural income occupies a unique and significant position within India’s tax framework, reflecting its critical contribution to the nation’s economy. The Income Tax Act of 1961 and the forthcoming Income Tax Bill of 2025 both address the taxation of agricultural income, though they exhibit key differences and updates. This analysis provides a comprehensive comparison of these two legislative instruments. Definition […]
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