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Agriculture company

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 April 2016 If a company is in agricultural business and have no other source of income. then whether his income is taxable or not ??
Also applicability of deferred tax on agricultural company???
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 April 2016 Agricultural income of the company is not taxable.
As the company income is not taxable deferred tax provision not applicable.

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