Application of agricultual income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 October 2012
Hello, Income received from agricultural income of 25 lacs in a year.Same amount invested in shares and made a profit of 3 lacs .what is the taxable amount for an Company? Thank You
30 October 2012
Agricultre income is Exempt but income generated out of exempt income is not exempt.
taxable amount shall be the Gain you made whether longterm or shorterm.
taxable amount shall be the Gain you made whether longterm or shorterm.
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