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of <h1>Calculate Market Value of Unmarketed Agricultural Produce: Expenses, Rent, and Profit Under Section 2(1A) & Rule 7.</h1> To determine the market value of agricultural produce with no market, the value is calculated by summing the cultivation expenses, land revenue or rent for the cultivation area, and a reasonable profit amount as determined by the Assessing Officer. This guideline is part of the frequently asked questions on agricultural income under Section 2(1A) and Rule 7 of the Income Tax regulations.
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