Agriculture income

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 June 2014 If A client have an business of catering & also he earned income from Agriculture. So what is the treatment and entry of agriculture income. Is any effect financial Statement i.e. Balance sheet or Profit & Loss a/c

30 June 2014 if your agri income is abovers. 5000/- in a year then this income only for tax rate purpose will consider. its no effect on your P/L and B/s.

30 June 2014 both are diff and only for tax purpose it is relevant as said above.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 July 2014 Okay. Then how to mentioned in to Income Tax Return. In which sheet of ITR it was put down & there exemption.

05 July 2014 Use ITR-2. The heading is Net agricultural income/ any other income for rate purpose (4 of Schedule EI).


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details