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AGRICULTURAL INCOME

Tax queries 376 views 2 replies

HELLO FRIENDS, IF I HAVE ONLY AGRICULTURAL INCOME

WHICH ITR I FILL

WHETHER ITR 2 OR ITR 4

Replies (2)

ITR 4 I think.. and if you have agricultural income only then, how come your profile say financial manager? It should have been called agriculturist or proprietor something like that.(just out of curiosity)

Dear friend,

ITR form depends on the sources of Income.

ITR II      For Individuals and HUF Not having business \ Profession Income.

ITR IV     For Individuals and HUF  having Income From Proprietary Business or Profession

 

Agriculture Is not cover in defination of business or profession  , it is a activity or opreation which is carried by assessee

income from agriculture is exempt under Income Tax Act , so it is not mandatory to file return of income

but if you want to file the same , then ITR 2 IS filled


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