Sir,
A person in nursery businees in urban area using land for that purpose having current account in bank. how much tax implended on him if he deposited 40 lac in his firm account.
Menu
Nursery income in urban area
Replies (1)
As per income tax act, income from nursery treated as agriculture income and exempt under income tax act . according the ur problem, deposit the 40 lac is exempt as per income tax provision.
Recent Topic
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
- CRYPTO - SETOFF
- WBAAR: No Reclaim of Reversed ITC under Section 16
- Why Do Companies Prefer SME IPO Even When They Qua
- LTCG Tax Liability even after 100% LTCG set off wi
- ITR RETURNS
- Gold Mining
- Sale of share
Related Topics
CAclubindia
