AS-9
This query is : Resolved
18 July 2010
WHAT IS MEANING OF THIS?
REVENUE DOES NOT INCLUDE
CERTAIN TRANSACTIONS OR EVENTS THAT RESULT IN UNREALISED OR REALISED GAINS NAMELY
NATURAL INCREASES IN HERDS AND AGRICULTURAL OR FOREST PRODUCTS.
REVENUE DOES NOT INCLUDE
CERTAIN TRANSACTIONS OR EVENTS THAT RESULT IN UNREALISED OR REALISED GAINS NAMELY
NATURAL INCREASES IN HERDS AND AGRICULTURAL OR FOREST PRODUCTS.
25 July 2010
It simply means as per my opinion
NATURAL INCREASES IN HERDS AND AGRICULTURAL OR FOREST PRODUCTS. If during the course of planation or harvest of any agri product..some other products are gained or loosed it will not be treated as loss or revenue!.
In other words suppose you have planted a Mango tree and by the time mango that mango tree grows another Mango tree is also planted (naturally by the side) it will not be a kind of revenue!
NATURAL INCREASES IN HERDS AND AGRICULTURAL OR FOREST PRODUCTS. If during the course of planation or harvest of any agri product..some other products are gained or loosed it will not be treated as loss or revenue!.
In other words suppose you have planted a Mango tree and by the time mango that mango tree grows another Mango tree is also planted (naturally by the side) it will not be a kind of revenue!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
