Section 40 - Income from Agriculture
(1) Income from Income earned by a person from the activities related to agriculture shall be classified as income from agriculture.
(2) 40% (forty percent) of the proceeds from the sale of tea and rubber produced and processed by any person shall be deemed to be business income and 60% (sixty percent) shall be deemed to be income from agriculture.
(3) Agriculture means any kind of horticulture, animal husbandry, natural use of land, poultry and fish farms, reptile farms, nurseries, any kind of cultivation on land or in water, egg and milk production, timber, grass and shrubs fruit, flower & honey and seed production.
Note: This is unofficial English translation. In the event of a conflict between the information on this website and the original Government publications or notifications of laws, rules, regulations, and SROs, the Government publications or notifications shall prevail. Moreover, as per Section 345(2) of the Income Tax Act 2023, if there is a conflict between the English and Bengali text, the Bengali text shall prevail.