Agriculture income of individual
Suhel Bagwan (Tax consultants and Corporate Compliance) (39 Points)
02 October 2016Suhel Bagwan (Tax consultants and Corporate Compliance) (39 Points)
02 October 2016
CA Aman kesharwani
(Practice)
(159 Points)
Replied 02 October 2016
DEAR,
It would be better to show as credit in capital account. Trading and P/l Account will show actual profit from business.
Ashok Kumar
(CA qualified)
(389 Points)
Replied 02 October 2016
Even when it is credited to P&l it can be subtracted in the memo of income as income not to be included in total income