AGRICULTURAL INCOME

IF ASSESSE IS INDIVIDUAL \ HUF , THEN  ITR - 2

Dear Sagar.............

Agricultural Income is exempt from tax u/s 10(1).........
since there is no non-agricultural income..........

Dear Sagar Sir,

 I would go with friend Balajis reply..............

If a person has only agriculutral income.. it wont be taxed

If the assessee has only agricultural income, then he need not file the return since, agricultural income is exempt & there is no other taxable income.

Only agriculture Income no Tax, No need to file return mandatorily, However if you desire to file your return you are free to file your return & Dept will accept it, For this year AY 10-11 form ITR 2 & later from AY 2011 -12 FM has again introduced a two page simple Return Form Saral 2

u may file itr 4 as it is business show the agriculture income under exempt income

and rest all will be blank

As the agriculture income is exempt . Therefore no ITR is required................