banner_ad

44ad

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 June 2014 HELLO,
MY FATHER IS FARMER AND HIS ONLY AGRICULTURE INCOME,AND NO BOOKS MAINTAINED FOR THAT,SO HOW CAN I DISCLOSE INCOME OF THERE????
IS SECTION 44AD IS APPLICABLE??
Profile Image

CA Rinkal

Profile Image

CA Rinkal (Expert)
21 June 2014 dear

section 44AD applies only to eligible business and agriculture income is not covered in the definition of eligible business.

agriculture income is exempt from tax u/s. 10(1)

so you may file the return of your father by considering 60% of your total bill(Sale) amount.


still your taxable income is NIL as the said income is exempt from tax.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 July 2014 why considering 60% sale amount???
is there any rule for that???
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 March 2015 WHICH FORM OF ITR SHOULD I FILED FOR AGRICULTURE INCOME ONLY??
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details