Gross / Net Agricultural income

Dear Arpan,

 Definitely its net only. But the act is silent in this regard. hence, its beneficial for the assessee to take net agri income

yes its better to go for net agricultural income as the act is silent on it.......beneficial for the assessee..

Net.

And it is not immaterial. If u take up gross income, the assessee may land up taxing some portion of his regular income being taxed at higher slab. So it is material.

Consider this,

Net Agricultral Income = 30,000

Gross Agri Income = 1,70,000

And his income from salary is 5,00,000

Now if u try to solve this, u'll see that if we take gross income, the tax on 5 laks will be more. As more part of it will fall in the higher slab then.