Help on agricultral income return preparation

Tax planning 577 views 1 replies

What point to be considered while preparation of agricultural income return.

Replies (1)

there is nothing special to be considered while filling an ITR for agricultural income except the calculation of tax in case if assesse has earned some non-agricultural income also in the said F.Y.

In that case Follow these steps to calculate tax

1. Calculate Gross Total Income Including Agricultural Income

2. Calculate Tax on above assuming that agricultural income is also taxable.

3. Calculate Tax on Just Agricultural Income + Basic Exemption limit available under the act.

4. Deduct the amount calculated as per step 3 from Amount derived from step 2. This amount will be the tax payable. Add cess and interest if any to the tax, to get total tax liability.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details