Agricultural income
This query is : Resolved
26 August 2009
Can i include agricultural income earned in year 2006-07 and 2007-08 in this financial year accounts tax filling(2008-09)as i could not include the aagri income in my tax filling in previous years, as the agricultural income being tax free!! Thanx in advance
26 August 2009
The method of calculating income for those having agriculutral income is not clear to u. First add the agricultural income to the total taxable income arrive at the tax liability (A) next calculate the tax on the agriculatural income plus the basic exemption amount and deduct this from the amount (A) Strictly speaking U cannot include earlier period income in any other years income work out and c your best arithmetic
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
