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Rule 7(a)

This query is : Resolved 
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(Querist)
16 June 2012 I am earning income from Rubber Plantation i.e. Agriculture income under section 10(1)..

Whether expenditure incurred by me behind rubber plantation is allowed as deduction in computation of taxable income?
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
16 June 2012 The deduction is available and only part of the income remains after providing deductions is taxable.
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