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Valu of agriculture land

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 July 2015 One of my frnd is farmer and he aslo doing business of commission agent.

so while filing ITR, its is required to show value of agriculture land in Balance sheet????

plz repy me...
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 July 2015 Agricultural land is not a business asset need not be shown in balance sheet.
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 July 2015 thank u sir....................




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