Income from Arecanut Harvesting
This query is : Resolved
06 October 2017
Dear sir/ madam,
An assesse is not a agriculturist and he has no his own agriculture land but his gross receipt from Arecanut Harvesting and sales is more then 2 crores and he has maintained any books of account , in this case we required to audit as per section 44AB? or can we show it as income from other sources?
06 October 2017
Arecanut Harvesting and sales is an agricultural income exempted from income tax. No condition on ownership of land leasing of land is allowed.
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