Agreecaltural INcome
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 August 2010
if a company or partnership firm creat inncome from Agreecaltur then is it examt income ?
CA Sanat Pyne
(Expert)
11 August 2010
yes it is exempted income.
11 August 2010
AGREED , INCOME FROM AGRICULTURE BY COMPANY OR FIRM IS EXEMPT.
fOR TAX SAVING ON AGRICULTURE : Form a company or a partnership firm for the purpose carrying on your agricultural operations and nothing else. As indirect effect of agricultural income is not applicable in a company or a firm I.E AGGREGATION IMPACT.. The complete amount would become exempt from taxation
fOR TAX SAVING ON AGRICULTURE : Form a company or a partnership firm for the purpose carrying on your agricultural operations and nothing else. As indirect effect of agricultural income is not applicable in a company or a firm I.E AGGREGATION IMPACT.. The complete amount would become exempt from taxation
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