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agricultaral income

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(Querist)
12 August 2010 is total agricultaral income is exempted for the asseesment year 2010-11
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
12 August 2010 YES.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
12 August 2010 Yes it is exempt u/s 10(1). However it is added for rate purpose only in the income.
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Shudhanshu Agrawal

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Shudhanshu Agrawal (Expert)
12 August 2010 If you are talking about only agriculture income then it is exempted u/s 10(1). However, if assessee has other income as well then it will be considered for tax purpose.
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PANKAJ KHURANA

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PANKAJ KHURANA (Expert)
12 August 2010 Agreed
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