The income derived from growing, manufacturing and sale of Centrifuged latex or Cenex or Latex based crops as per Rule 7A of the Incometax Rules, 1962 shall be taken as agricultural and non-agricultural income in the following ratio :
A. 75% and 25%
B. 60% and 40%
C. 65% and 35%
D. None of the above
Answer:C
The income derived from growing, manufacturing and sale of Centrifuged latex or Cenex or Latex based crops as per Rule 7A of the Incometax Rules, 1962 shall be taken as agricultural and non-agricultural income in the following ratio :
A. 75% and 25% B. 60% and 40% C. 65% and 35% D. None of the above