banner_ad

AGRI INcome..!!

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 April 2009 Here is a query on AGRI INCOME of Corporate..!!

Please advise the status of AgRI income earned by Corporates...!!

a) If it is exempted.. (the company can convert its unaccounted money showing it as agri income there by claim income exemption)

b) If not, Why should the Department is bias in giving the provisions.

Let us have the coments (from experts please)
Profile Image

Brij Bhushan Sangal

Profile Image

Brij Bhushan Sangal (Expert)
24 April 2009 agricultural income is exempt for all. shown in exempt income colume and treat as per IT provisions for agri. income.
Profile Image

Ca. Rajesh Dhama

Profile Image

Ca. Rajesh Dhama (Expert)
24 April 2009 i am agree with mr brij
Profile Image

visu iyer

Profile Image

visu iyer (Querist)
24 April 2009 Vow.!
The Corporates can
convert the black into white..!!
(showing it as agri income)
or
convert income into loss ..!!
(loss on agri..)

Hats offf!! to Ministry of Finance.
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
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details