Can anyone explain below example?
am a salaried of total taxable income 450000/- (after all exemptions)
my Agriculture income is 310000/-
expenditure incurred 185000/-
net Agriculture income is 125000/-
I filed ITR2 and mentioned the above details in Schedule EI.
Now my Taxable Income become 635000/-
few saying Agriculture income is fully exempted, if so how?
for me it is showing due amounts in taxes payable column
how to exempt & which section.?
CAclubindia
