agricultral income
This query is : Resolved
25 September 2010
one of my friend had planted an eucalyptus plants in his agricultural land and know he sale the plants for 1200000/-. Can i treat this income as agricultural income?
CA Navin Jain
(Expert)
25 September 2010
ITS EXEMPT UNDER THE HEAD OF CAPITAL GAIN
Message likes :
1 times
CA. Praveen Narayan
(Expert)
25 September 2010
The receipt arising from the sale of tree itself is considered a capital receipt which is not income..
Message likes :
1 times
26 September 2010
is sale of trees in the agricultural land can be treated as capital gain?
Or agricultural income ? If it treated as capital receipt in which section it will be claimed as exemption?
Or agricultural income ? If it treated as capital receipt in which section it will be claimed as exemption?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Gratuity paid to legal heir above 20 lakh is taxable or not
- ARCA LOGIN
- RCM and same line
- Closer of business and itc of capital goods
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
