Agricultural Income
This query is : Resolved
30 December 2010
Gudmorning my dear experts
I would like to share one topic with you
If a company engaged in manufacturing and carrying agricultural activities by taking agricultural land on lease and it sale its agricultural produce in market, and it claim sec 10(1) exemption in its return for agricultural income, is it correct?
is it eligible for agricultural exemption?
---
Thanks & Regards
I would like to share one topic with you
If a company engaged in manufacturing and carrying agricultural activities by taking agricultural land on lease and it sale its agricultural produce in market, and it claim sec 10(1) exemption in its return for agricultural income, is it correct?
is it eligible for agricultural exemption?
---
Thanks & Regards
30 December 2010
Exemption will be limited to Agriculture Income and not on Manufacturing Income.
30 December 2010
my question is the company eligible for exemption on agricultural income by taking agricultural land on lease?
31 December 2010
Yes
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