Mangal Singh Khinchi (Kota) (259 Points)
15 August 2012Friends please tell me what shoult be the format of computation if a person had only agriculture income.
Gaurav Tripathi
(Working with DIAGEO-Leading Drinks Manufacturing Company)
(210 Points)
Replied 15 August 2012
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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