22 February 2017
Sir, I have having the commission income of Rs 5000/- and having 30 acres land so agriculture income is more than 2,50,000/, i have invest Rs. 150000/ for 80c . now my question is how i will get the benefit of deduction
22 February 2017
You can claim benefit only when you have taxable income. Agricultural income is exempted income. So you can not claim 80C. You can claim Maximum u/s maximum Rs.150000/- subject to taxable income.
CAclubindia
