Farm house

This query is : Resolved 

(Querist)
13 February 2014 Farm house situated in agriculture land it is used for both agricultural and business purpose weather it is taxable I or not Note : land situated in rural area

13 February 2014 Well business income wont be exempt. Agriculture income should be covered under exemption

13 February 2014 Agriculture income exempted u/s 10(1).
business income taxable.


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