Dear there,
Can you pls let me know about the taxability of Agirucultural subsidy received by an Individual.
My client received agri subsidy of Rs.3 lacs fron NHB, should it be added with his agri income or not?
Dear there,
Can you pls let me know about the taxability of Agirucultural subsidy received by an Individual.
My client received agri subsidy of Rs.3 lacs fron NHB, should it be added with his agri income or not?
Dear Prakash,
I think If it is "CAPITAL" in nature then it will be exempt otherwise it will be treated as "Taxable Income" & Not "AGRICULTURE iNCOME"
YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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CAclubindia
