agriculture income

This query is : Resolved 

26 July 2009 sir
from when onwards agriculture income set off from tax?

27 July 2009 The question is not clear.
However, in case you want to know when Agriculture Income is required to be added with non agriculture income, please note that Agriculture Income is added only for rate purpose when-
1. Your Other Income is Taxable and
2. Agriculture Income exceeds Rs 5000/-

If Ag. Income is Rs 5000 or less it is not required to be addded.


27 July 2009 The question is not clear.
However, in case you want to know when Agriculture Income is required to be added with non agriculture income, please note that Agriculture Income is added only for rate purpose when-
1. Your Other Income is Taxable and
2. Agriculture Income exceeds Rs 5000/-

If Ag. Income is Rs 5000 or less it is not required to be addded.



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