Partnership

need mre info for giving an opinion

Which kind of info you need?

u said only agricultute income den wat is other income?

wat does the partnership do? wat does the deed says abt the object of formingpartneship etc such imp q

Originally posted by : hardik bunha
	the object shows only perform agriculture activity...then what is your view. i already said only agriculture income so, it mean no other income in simple terms Mr. tushar read question carefully. for your view all sufficient details given in question.

Mr hardik pls refer to ur 1 line of ur querry "Can partnership firm offer only agriculture income?"

if any1 reads it for 1st time then  he may think that firm may have other income also...so learn

the art of asking and framing correct question.

Regarding land owned or not income tax is not

concerned  but ther should be agriculture activity

as defined under sec2 and as illustrated in many

case laws...eg in raja benoy's cse.....

hope ur doubt is solved now that if it is agriclutral income then its exempted.