AGRICULTURAL INCOME
This query is : Open
04 September 2009
SIR,
A PERSON HAS A NURSERY AND FROM IT HE IS SELLING PLANTS. NOW HE HAS NO ANY OTHER INCOME. WILL THE INCOME FROM THE BUSINESS BE TOTALY EXEMPTED?
A PERSON HAS A NURSERY AND FROM IT HE IS SELLING PLANTS. NOW HE HAS NO ANY OTHER INCOME. WILL THE INCOME FROM THE BUSINESS BE TOTALY EXEMPTED?
04 September 2009
no income tax....it is agricultural income
11 September 2009
SIR
THANK YOU FOR YOUR ANSWER, BUT IF THE BUSINESS IS TRADING OF PLANTS THAT IS THE BUSINESSMAN PURCHASING PLATS AND SELLING IT TO CUSTOMERS THEN STILL THEIR IS NO INCOME TAX.
NOW HE IS DOING THE TRADING AS WELL AS CULTIVATING SOME PLANTS WHICH IS RELATED TO LAND THEN IN SUCH SUTIATION STILL THE TOTAL INCOME WILL STILL BE EXEMPTED
THANK YOU FOR YOUR ANSWER, BUT IF THE BUSINESS IS TRADING OF PLANTS THAT IS THE BUSINESSMAN PURCHASING PLATS AND SELLING IT TO CUSTOMERS THEN STILL THEIR IS NO INCOME TAX.
NOW HE IS DOING THE TRADING AS WELL AS CULTIVATING SOME PLANTS WHICH IS RELATED TO LAND THEN IN SUCH SUTIATION STILL THE TOTAL INCOME WILL STILL BE EXEMPTED
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regarding Applicability of Tax Audit u/s 44AB
- Consolidated financials
- Putting a heading on received mail
- TDS on TRUST
- Foreign lottery ticket bought online from India: legality, tax and consequences
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
