Agricultural income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 February 2012
Sir,
If a person has salary income, & person also holds agricultural land & getting agricultural income out of that. Can he take the rebate of agricultural income at the time of filing return.
Kindly help me over it.
If a person has salary income, & person also holds agricultural land & getting agricultural income out of that. Can he take the rebate of agricultural income at the time of filing return.
Kindly help me over it.
09 February 2012
Yes.
It is compulsory to show Net Agriculture income (>5000).
.
It is added in the Total Income for deciding the tax slab.
.
Rebate is not truly a rebate...its a Bat ...on "free hit" ball. It may increase the tax liability.
.
It is compulsory to show Net Agriculture income (>5000).
.
It is added in the Total Income for deciding the tax slab.
.
Rebate is not truly a rebate...its a Bat ...on "free hit" ball. It may increase the tax liability.
.
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