banner_ad

Is there any Tax Expert on Caclub ?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 May 2011 I am asking this very question consistently from last week. But no expert is replying on this.There are many gud experts on CAclub.I don't know y this question is being Ignored-

I having few acres of land which was purchased by me in ratio of 50:50 along with some other person 2 years ago from a farmer. Since last 5-6 months, i am engaged in Banana Farming on this land for commercial purpose.
My question is whether this income will be a agriculture Income & Exempted U/s 10(1).
If yes, then what type of documents are to be maintained by me for Assessing Purpose ?
Whether i need to maintain Vouchers as well for payment made to labour contractors & other misc. bills like for fertilisers ?
Profile Image

RAJESH MODI

Profile Image

RAJESH MODI (Expert)
28 May 2011 yes the income is exempted us 10(1) you willmention purchases bill for raw material and sale bill
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details