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Commerce Insurance Difficulty: Medium

Agricultural income is completely exempted from income tax from the assessment year 1974-75. As per section 10(1), agricultural income earned by the taxpayer in India is exempt from tax. Agricultural income is defined under section 2(1A) of the income tax Act. As per section 2(1A), agricultural income generally means: Operating leverage helps in analysis of: If median = 54 and mean = 60, mode will be- Assertion (A): Sales promotion has a strong impact on consumer behaviour in rural India. Reason (R): Rural people in India give utmost significance to sales promotion schemes. The cost of capital of a firm is