Tax treatment of agricalture income


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Querist : Anonymous

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Querist : Anonymous (Querist)
18 September 2016 what is tax treatment of agricalture income if income is more than Rs. 5000/-

18 September 2016 Not taxable.if more than 5000/- then it will be taken for clubbing with taxable income when the taxable income is above the basic exemption limit.if only agricultural income it is not taxable

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Expert : Anonymous

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19 September 2016 agree with the expert. only for aggregating purpose it is required. else no effect on taxability if only agro income


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