is there any expenses claim and exemption on agricultural income

Others 178 views 3 replies
Dear all,

we are doing agricultural activity.
from this we gaining some money.
and also we spending money for agricultural activity such as Labour charges. fertiliser and pesticides and transportation ETC.

now my doubt is can we claim or deduct these expenses from our agricultural income and is there any exemption.

Kindly Suggest Me how to calculate the income from agriculture with computation sheet.
Replies (3)
net agricultural income after DEDUCTION of expenses is exempt...
how to calculate net agricultural income?
gross agricultural income minus expenses incurred


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