ITR V (Aggriculture Income)

ITR 984 views 2 replies

Well when an assessee has Aggriculture income and its aggregated with business income and the assessee pays the tax at hiiher rate but in the ITR V this aggriculture income is not reflected as this was not in the case with old Saral. So assessee some time confuses himself that whether he has declared the aggriculture income or not and his total income is less as compare to filled. moreover Bankers do not acepts the computation sheet as it do not bear stamp of Income tax department and so many cases has been informed about loan rejection due to this.

 

What you think about this ?

 

Replies (2)

You can show the total income by adding agricultural income and the agricultural income in the second column under deductions. this will solve your problem

But Under which head to include aggriculture income as there is an seperate sheet for aggriculture income which is not shown in ITR V  Also under deduction ? how there is no such section Under 80 for aggriculture income.

 


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