Income tax return
This query is : Resolved
16 October 2014
I have agriculture income of 12 lakhs and land gift from father whether I need to file income tax return please suggest me with applicable provisions...
16 October 2014
Agricultural income is exempted from income tax. Gift received from relatives is also exempted.
Under the provisions of Section 10(1) of the Income Tax Act, agricultural income is frilly exempt from income tax.
Under the provisions of Section 10(1) of the Income Tax Act, agricultural income is frilly exempt from income tax.
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