Agriculture income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2013
dear expert,
for asst year 13-14 i h m having below income
so kindly advise which form to fill
business income Rs 253192/-
accrued int on FD with SBI for capital gain RS.64985/-
Agri income RS. 64250/-
further i have paid to lic single premium for Rs. 50773/- so should i take full amount under 80C
for asst year 13-14 i h m having below income
so kindly advise which form to fill
business income Rs 253192/-
accrued int on FD with SBI for capital gain RS.64985/-
Agri income RS. 64250/-
further i have paid to lic single premium for Rs. 50773/- so should i take full amount under 80C
18 August 2013
You should file ITR 4 as you have derived income from business and other source including agricultural income.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
18 August 2013
thnks...
kindly advise for 80c deduction
kindly advise for 80c deduction
18 August 2013
You can claim 80C against your regualr income and not from agricultural income and if the premium is above 10% of the sum assured then only up to 10% of the sum assured will be allowed u/s 80C but if you have paid for last two years together then it is allowable as the 80C is allowed on the basis of payment made.
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