7 Replies
Akhilesh Rajput
(43 Points)
Replied 22 November 2017
agriculture income in india z exempt from tax by virtue of section 10 (1). bt A.I frm outside india z taxabl u/h other sources
Akhilesh Rajput
(43 Points)
Replied 22 November 2017
AI means
1. any rent derived from land situated in india and used for agriculture purpose.
2. income by renting agriculture land or any process by cultivator.
3. income from farm house(not a marriage farm house)
4. any income derived from saplings or seedling grown in nursery
1. any rent derived from land situated in india and used for agriculture purpose.
2. income by renting agriculture land or any process by cultivator.
3. income from farm house(not a marriage farm house)
4. any income derived from saplings or seedling grown in nursery
Akhilesh Rajput
(43 Points)
Replied 22 November 2017
sale of agricultural land comes in income undr haed capital gain
sale of rural agricultue land is exempt and sale of urban agriculture land is taxable
sale of rural agricultue land is exempt and sale of urban agriculture land is taxable
Recent Topics
- HOW TO SUE GST OFFICERS WHO HAD REJECTED NEW GST R
- Home loan from Co-operative bank vs National bank
- Free GSTR 2B-Books Invoice wise Reconciliation Uti
- Cash Benefit received from Life Insurance Policy p
- ITR of deceased as regular if year end death
- Fundraising for MSMEs with PO
- How to report Capital Gain account closure and bal
- Provident Fund withdrawal for two services, with n
- Income Tax Return Filing FY 2024-25
- FNO income
Related Threads
CAclubindia
