Other Incom
This query is : Resolved
ashok kumar
(Querist)
09 February 2011
Can i show agriculture income as other income in IT,That land is on my fathers name
CA PARAS BAFNA
(Expert)
09 February 2011
In Case the land is in your father's name you can pay rent to him towards cultivating in his Agriculture land.
The income from crop, after deducting the rent and other expenditure towards seeds, fertilizer, labour, irrigation etc will be your Net Agriculture Income.
The income from crop, after deducting the rent and other expenditure towards seeds, fertilizer, labour, irrigation etc will be your Net Agriculture Income.
Guest
Guest
(Expert)
09 February 2011
Perfect advise of Shri Bafna.
ashok kumar
(Querist)
11 February 2011
thanks Sir,
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