Agriculture income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 June 2012
Dear Sir,
I have received a cash Rs 300000/- for sale of crops in my uncle village, but i did not any documentary evidence for the same. can i claim income tax exemption on Rs 300000/- as a agriculture income.
I have also eared Rs 4,00,000/- form my profession as agent.
can income tax department demand the documentary evidence for agriculture income?
Time limit of demand / scrutiny of assessment.
I have received a cash Rs 300000/- for sale of crops in my uncle village, but i did not any documentary evidence for the same. can i claim income tax exemption on Rs 300000/- as a agriculture income.
I have also eared Rs 4,00,000/- form my profession as agent.
can income tax department demand the documentary evidence for agriculture income?
Time limit of demand / scrutiny of assessment.
CA CS Amit S. Kedia
(Expert)
12 June 2012
Yes, you can show the Agriculture income even if you dont have the proof. however AO, in rare case, may demand the documentary evidence at the time Assessment.
it is imperative to note that Agriculture income may make you lible to pay tax at higher rate.
it is imperative to note that Agriculture income may make you lible to pay tax at higher rate.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- TDS- 2026-27 Q1 Correction
- Applicability of tax on invoice
- GSTR9 Annual Return
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Capital gains in IT returns
- How do you manage client document collection and follow-ups in your CA/CS practice?
- GST ITC as per notification 12/2023- central tax
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
