Agriculture income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 March 2017 a person doing a job abroad owns a farm in his village and his wife is earning income by doing work in that farm,now in whose return that income should be disclose?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 March 2017 As wife is operating the form and earning income disclose the income in the wife's return less rent for the form.
Farm rent to be disclosed in the return of husband if he has any other taxable income in India.

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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06 March 2017 Pl show in wife's IT return.

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Querist : Anonymous

Querist : Anonymous (Querist)

06 March 2017 thank you sirs for your reply,but i am confuse because when i called to TRPS he told me that,that income should be disclose only in the return of property owner.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 March 2017 His wife is looking after the agricultural operations so it is her income only.

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Querist : Anonymous

Querist : Anonymous (Querist)

07 March 2017 thank you very much sir for your support,..in your first reply you suggeted to show rent as exps.Are you talking about notional rent?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 March 2017 Yes it is notional rent only.

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Querist : Anonymous