17 July 2014
If I pay rent to a farmer who is having 7/12 agreement then my rent expense will be taxable and rental income for him will be exempt as agricultural income and also I will deduct tds u/s 194C @ 10% Is this treatment correct?
Also now we will maintain the land so the income generated from it will be exempt? like selling of ayurvedic plants,cashew nuts , rubber etc
17 July 2014
and also now I am carrying out agriculture operations on the land which I took on rent from farmer so whatever I sell i.e. plants and other raw materials etc will be exempt for me?
17 July 2014
and also now I am carrying out agriculture operations on the land which I took on rent from farmer so whatever I sell i.e. plants and other raw materials etc will be exempt for me?
17 July 2014
and also now I am carrying out agriculture operations on the land which I took on rent from farmer so whatever I sell i.e. plants and other raw materials etc will be exempt for me?
17 July 2014
and also now I am carrying out agriculture operations on the land which I took on rent from farmer so whatever I sell i.e. plants and other raw materials etc will be exempt for me?
CAclubindia
