CAF-2 · Chapter 1 · Question 10 of 13
The definition of "agricultural income," which remains largely similar in the modern Income Tax Ordinance 2001, was first introduced in which of the following legislations?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) C) Income Tax Act of 1886
Explanation
The Income Tax Act of 1886 was a general income tax that introduced the definition of "agricultural income," which is almost the same as in the Income Tax Ordinance 2001.
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