agricultural income

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Querist : Anonymous

Querist : Anonymous (Querist)

18 March 2011 what is the difference between sec10(1) and sec 10(2A) of agricultural income in taxation?

ca cs shriyans jain

ca cs shriyans jain (Expert)

19 March 2011 Sec 10(1) agricultural incomeexepmt. So nt to b included in GTI.But aggregation to b done fortax slab purpose.Sec 10(2A) share of profit of apartner in a firm. As is alreadytaxd to partnershp firm soexemptd.
Ur query was already answerd. Next0ime onwards dnt p6st it twice

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)

19 March 2011 I Dont understand exactly what the questioner requirement

Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2011 sir actualy there was written that if we only hv agricultural income then we can compute tax by any method by sec 10(1)or sec 10(2A)it willnt make a diference but if we hv two or more agricultural income or any non agricultural income then we shud use sec 10(2A) for computation of income, so i didnt get what they meant by that.

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