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AS22 on agricultural income

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(Querist)
04 August 2009 A company is involved only in agriculture and agri income is its only source of income. Is AS22 applicable here??
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
05 August 2009 Since the income of the company will be exmempt income only there will not be any deferred tax
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