Manmeet Arora (CA) (111 Points)
21 September 2011Is agricultural income of a private limited company taxable whose main objective is of land development. i.e. a real estate company.
CA RICHA BADALIA
(CA,CS)
(1682 Points)
Replied 21 September 2011
Agricultural income of a Private Limited Company is exempt from tax.
CA Hemang Shah
(PRACTICE)
(658 Points)
Replied 21 September 2011
AJAY SIMHA
(CMA - final)
(190 Points)
Replied 21 September 2011
Hemang shah,
I hope u get ur taxation knowledge correct otherwise it will not help u for you final exams.
. agricultural income is excempt irrespective of type of person u/s 10(1)
for indivisual, HUF and AOP/BOI partial integartion of income is applicable
valji
(Accounts manager-MBA)
(2150 Points)
Replied 22 September 2011
AGREEE WITH RICHA AGRICULTURE INCOME EXEMPT FROM ATX UNDER SEC 10
Gopal Suthar
(Chartered Accountant)
(60 Points)
Replied 22 September 2011
Agree with Richa............... and Mr.Hemang Shah you must give respect to others even if you know something better than others. You would have started your comment with "I would like to correct you............." instead of "What Nonsense...........".
SANYAM ARORA
(“It's hard to beat a person who never gives up.”)
(20168 Points)
Replied 22 September 2011
| Originally posted by : AJAY SIMHA | ||
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Hemang shah, I hope u get ur taxation knowledge correct otherwise it will not help u for you final exams. . agricultural income is excempt irrespective of type of person u/s 10(1) for indivisual, HUF and AOP/BOI partial integartion of income is applicable |
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