Rule 7(a)
This query is : Resolved
Krushit Shah
(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?
Whether expenditure incurred by me behind rubber plantation is allowed as deduction in computation of taxable income?
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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