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Which State Government has recently abolished “agriculture income tax”
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- Karnataka
- Rajasthan
- Bihar
- Assam
- Karnataka
Correct Option: A
Karnataka’s Chief Minister Siddaramaiah, in March 2016, made the announcement to abolish the tax on agricultural income while presenting the State Budget for 2016-17. This in turn will provide relief to many tea and coffee companies besides thousands of individual coffee growers. Plantation companies had to pay a 35 per cent tax on their net income.