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Consider the following statements about the Agriculture Income Tax
1. Agriculture Income Tax is levied and collected by the Union Government.
2. Agriculture Income Tax is levied throughout the country in India.
Which of the statements given above is/are correct?
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- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Correct Option: D
Agricultural income tax is levied on the income from Agriculture. At present agriculture is Subjected to two direct taxes and they are agriculture Income tax and Land Tax. They are levied by the state governments. Not all states levy agricultural income tax.
