Income tax
This query is : Resolved
11 January 2018
Dear Sir.
Which ITR to file for agriculure income of green tea leaves sales, which were cultivated in own land
Agriculture income is Rs. 315000/- for FY 2016-17. Kindly explain which ITR required to file.
Which ITR to file for agriculure income of green tea leaves sales, which were cultivated in own land
Agriculture income is Rs. 315000/- for FY 2016-17. Kindly explain which ITR required to file.
CA R SEETHARAMAN
(Expert)
11 January 2018
No need to file ITR for only agriculture income. File ITR 2 still you want to file ITR.
13 January 2018
Dear sir
whether agriculture income will be considered as business.
whether agriculture income will be considered as business.
13 January 2018
Dear sir
I have both savings bank interest and agriculture income . Agriculture to be taken under business head or other sources.
For this also whethet ITR 2 required to be file. Thanks in advance
I have both savings bank interest and agriculture income . Agriculture to be taken under business head or other sources.
For this also whethet ITR 2 required to be file. Thanks in advance
CA R SEETHARAMAN
(Expert)
13 January 2018
Agriculture income to be shown under exempt income.
ITR 1 can be filed for agriculture income upto 5000. So you have to file ITR 2.
ITR 1 can be filed for agriculture income upto 5000. So you have to file ITR 2.
CA R SEETHARAMAN
(Expert)
13 January 2018
Agriculture income will not be considered as business income.
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13 January 2018
Dear Sir
It implies P&L is not required to prepare for agriculture income .But I have calculated above agriculture income by preparing P&l.
Whether in ITR 2 net agricultute income, only required to show and calculation not required to be shown for expenses.
It implies P&L is not required to prepare for agriculture income .But I have calculated above agriculture income by preparing P&l.
Whether in ITR 2 net agricultute income, only required to show and calculation not required to be shown for expenses.
CA R SEETHARAMAN
(Expert)
13 January 2018
Yes p&l is not required for agricultural income. See exempt income schedule of ITR 2 and fill the details.
13 January 2018
Lastly sir , I want to know, whether tax on agriculture and non agriculture -calculation which is required in computation -required to show in computation for this above income.
Plz advice how to show agriculure and savings bank interest in computation.
Thanks for yours advice.
Plz advice how to show agriculure and savings bank interest in computation.
Thanks for yours advice.
13 January 2018
Lastly sir , I want to know, whether tax on agriculture and non agriculture -calculation which is required in computation -required to shown in computation for those 2 above income.
Plz advice how to show and calculate agriculure and savings bank interest in computation.
Thanks for yours advice.
Plz advice how to show and calculate agriculure and savings bank interest in computation.
Thanks for yours advice.
CA R SEETHARAMAN
(Expert)
13 January 2018
Fill in ITR 2 it will calculate the tax. Agricultural income is considered for aggregation for determining the tax.
13 January 2018
Sir I am asking about computation which we made in excel sheet , for eg., balancesheet & computation in excel sheet ,But not in ITR 2 computation.
Sir in this excel sheet, how to segregate agriculture and non agriculture income
and calculate tax
Sir in this excel sheet, how to segregate agriculture and non agriculture income
and calculate tax
13 January 2018
Dear Sir I am in confusion regarding presentation of Agriculture and Non agriculture income in excel sheet computation which is prepared by own. Kindly exlain sir how to present. Lastly thanks for ur kind support.
13 January 2018
Dear Sir I am in confusion regarding presentation of Agriculture and Non agriculture income in excel sheet computation which is prepared along with balancesheet . Kindly exlain sir how to present agriculture and non agriculture income
. Lastly thanks for ur kind support.
. Lastly thanks for ur kind support.
CA R SEETHARAMAN
(Expert)
13 January 2018
See the link.
https://www.google.co.in/amp/s/taxguru.in/income-tax/calculate-tax-agricultural-income-post-amendment-finance-no2-act-2014.html%3famp=1
https://www.google.co.in/amp/s/taxguru.in/income-tax/calculate-tax-agricultural-income-post-amendment-finance-no2-act-2014.html%3famp=1
CA R SEETHARAMAN
(Expert)
15 January 2018
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