Agricultural income and section 44ab

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Rameshwar (Querist)
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10 September 2018 One of my client have Business Receipts (Dairy Farm) of Rs. 186,78,300/- & Agricultural Receipts of Rs. 47,64,300/-. Total Turnover Rs. 2,34,42,600/-.
Whether Section 44AB applicable to him?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 September 2018 Opt 44AD for dairy farm business 44AB not applicable.

Rameshwar

Rameshwar (Querist)
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11 September 2018 Can you Please tell me, why agricultural turnover not to be included in total turnover for Audit u/s 44AB? Is there any case law or other supporting?
Please reply.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 September 2018 Agricultural income is not business income hence not included in 44AB turnover.

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