Agriculture income
This query is : Resolved
veerendrashukla
(Querist)
17 September 2013
Hi,
If any Individual person have earned agriculture income over and above Rs. 30 Laks in the state of Uttar Pradesh of India will liable to taxed in India under Income tax Act or will have to maintain any specific books of accounting for the same or will liable to maintains books of account under section 44AB
Pls. suggest
If any Individual person have earned agriculture income over and above Rs. 30 Laks in the state of Uttar Pradesh of India will liable to taxed in India under Income tax Act or will have to maintain any specific books of accounting for the same or will liable to maintains books of account under section 44AB
Pls. suggest
17 September 2013
Books of accounts are required to be maintained if an assessee has a business income. As you have only agricultural income and no business income, you need not maintain any books of accounts u/s 44AB. However, it is recommended that you maintain some proof of your agricultural earnings.
17 September 2013
Books of accounts are required to be maintained if an assessee has a business income. As you have only agricultural income and no business income, you need not maintain any books of accounts u/s 44AB. However, it is recommended that you maintain some proof of your agricultural earnings.
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veerendrashukla
(Querist)
17 September 2013
Thank You Very Much for your Valuable Suggesion
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