2. Mr P grows sugarcane and uses it for manufacture of sugar in his factory. 30% of the sugarcane produced has been sold for ₹ 10 lakhs and the cost of cultivation of such sugarcane has been ₹ 5 lakhs. The cost of cultivation of balance 70% sugarcane has been ₹ 14 lakhs and its market value is ₹ 22 lakhs. ₹ 1.5 lakhs was incurred on manufacturing sugar from the balance 70% produce and the sugar so manufactured and sold for ₹ 25 lakhs. Compute Mr P’s business income:
3. The proportion of agricultural and business income in case of income derived from sale of coffee grown and cured by the assessee in India is
4. The proportion of agricultural and business income in case of income derived from sale of growing and manufacturing of tea leaves in India is
5. Mr Harini earned income of ₹ 4,00,000 from sale of tea grown and manufactured in Shimla. Income from sapling and seedling grown in nursery at Cochin is ₹ 80,000. The basic operations were not carried out by her on land. Her agricultural income is
6. Mr Prem earned income of ₹ 22 lakhs from manufacture and sale of coffee grown, cured, roasted and grounded by him in India. The business income chargeable to tax in his hands would be
7. Mr Anay (aged 25) has agricultural income of ₹ 2,10,000 and business income of ₹ 2,35,000. Which of the following statement is correct?
8. During PY 2025-26, Mr Samar, a non-resident, received ₹ 75,00,000 on account of sale of agricultural land in Mauritius. The money was first received in Mauritius and then remitted to his Indian bank account. Is the sum taxable in India?
10. Income derived from farm building situated in the immediate vicinity of an agricultural land (not assessed to land revenue) would be treated as agricultural income if such land is situated in:
