Question related agriculture income
This query is : Resolved
Poonam kumari Pandit
(Querist)
12 October 2019
Compute tax liability:
1. Director remuneration in a company having only Agriculture income ₹ 1500000.
2. Salary received as a partner from a firm manufacturing tea₹ 360000
( Lease rent received from Lands given to tenants for agriculture operations)
In cash 30000
In kind. 18000
Sale of Agriculture produce. 60000
Payment of government tax 16000
on Agriculture lands.
Purchase of seeds - in cash. 21000
Tractor hire charges 2500
( for Agricultural operations)
1. Director remuneration in a company having only Agriculture income ₹ 1500000.
2. Salary received as a partner from a firm manufacturing tea₹ 360000
( Lease rent received from Lands given to tenants for agriculture operations)
In cash 30000
In kind. 18000
Sale of Agriculture produce. 60000
Payment of government tax 16000
on Agriculture lands.
Purchase of seeds - in cash. 21000
Tractor hire charges 2500
( for Agricultural operations)
CA. Ankit Jain
(Expert)
14 October 2019
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