Agriculture loss

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 June 2014 CAN SET OFF AGRICULTURE LOSS AGAINST ANY INCOME
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
23 June 2014 agriculture income/loss arising out of agriculture land not considered as capital asset under section 10(14) is exempt. so cannot be set off against other incomes. agriculture income from land considered as capital asset 10(14) can be set off as per normal set-off rules.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 June 2014 CONTINUE WITH U AFTER READING THIS SECTION
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
23 June 2014 agriculture loss can not set off due to agriculture income is not taxable . under the income tax act loss of exempt income head not set off with the taxable head and vice versa.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 June 2014 CAN I CONVERT AGRICULTURE LAND INTO NON-AGRICULTURE LAND
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
24 June 2014 yes you can convert.......
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 June 2014 IF I DOING BUSINESS ON AGRICULTURE LAND THEN WHATEVER REVENUE GENERATED R EXEMPT OR NOT
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
24 June 2014 no...then no exemption is available....
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 June 2014 IF I DOING BUSINESS OF AGRICULTURE ON NON-AGRICULTURE LAND THEN WHATEVER REVENUE I GENERATED R EXEMPT OR NOT
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
25 June 2014 it is not exempt.............
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 June 2014 I'M FARMER , I EARNED RS. 35 LACS OUT OF IT THEN CAN I FILE NIL RETURN. I HAVE NO ANY OTHER SOURCE OF INCOME
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


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member chandradhass sathishchandradhass sathishPro Member PriyanakPriyanakPro Member sbhagi299sbhagi299Pro Member Somnath MaitiSomnath MaitiPro Member arulca21@gmail.comarulca21@gmail.com
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details