AGRICULTURE INCOME AND AGRICULTURE EXPENSES TREATED IN BOOKS
This query is : Resolved
04 December 2021
SIR,
one of the it assessee agrilculture income rs:2,80,115/- and agrilculture
expenses rs :110000/- showing in books.
Question:
1.Agrilculture expenses claimed allowed any limit applicable in it act and expenses debited to agrilculture income account correct procedure.
2.above transactions agrilculture income rs:2,80,115/- or rs: 170115/- showing in it act.
one of the it assessee agrilculture income rs:2,80,115/- and agrilculture
expenses rs :110000/- showing in books.
Question:
1.Agrilculture expenses claimed allowed any limit applicable in it act and expenses debited to agrilculture income account correct procedure.
2.above transactions agrilculture income rs:2,80,115/- or rs: 170115/- showing in it act.
04 December 2021
1. Correct.
2. Rs. 170115/-
2. Rs. 170115/-
Message likes :
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05 December 2021
sir, agriculture income rs:2,80,115/- amount through on bank account .my doubt agriculture income credited by capital account or p&l account correct procedure.
05 December 2021
BY INCOME & EXPENDITURE ACCOUNT.
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