Format of computation regarding only agriculture income

Tax queries 2142 views 1 replies

Friends please tell me what shoult be the format of computation if a person had only agriculture income.

Replies (1)

On his ITR-V there will be no amount. That means every thing will be 0 on ITR-V (Ack).

Format can be any thing there is no standardize format.

 

Income form Other Sources:

 

Agricultureal income                            xxx (Amount)

Gross Total Income                                                xxx(Sum of all incomes. In this case only agricultural income)

Less: Exempt (Agricultural Income)                    xxx (Subtract agricultural income)

Taxable income                                                        NIL


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