Agriculture Income in P&L & B/S.
This query is : Resolved
Murtaza I Bhagat
(Querist)
05 December 2009
How we can take Agriculture Income amount in P&L & B/S ?
It create Difference by adding Agriculture Income with Profession or Business ?
Thanks in advance.
It create Difference by adding Agriculture Income with Profession or Business ?
Thanks in advance.
M Prabhakar Menon
(Expert)
05 December 2009
what u can include in the P & L a/c depends on the nature of business and the system of account keeping followed, as u may be aware P & L A/c is the summary of the revenue transactions of a business over a period.
Murtaza I Bhagat
(Querist)
05 December 2009
Pls Explain more in this concern
Thanks
Thanks
Aditya Maheshwari
(Expert)
05 December 2009
You can less the same in computation of business income as it is ur exempt income and no tax is being payable on it.
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