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Taxability of Agricultural Income
If there is only agriculture Income, then what is the limit for its taxability.Is it taxable after 1cr..?And if I have Kisan credit card, then can i deposit 700000 in it without any income proof..?
Replies (2)
If u have only agriculture income then, agriculture income I'd fully exempt
There is no upper limit for Agri Income.
It is not Taxable for any amount ( be it more than 1 Crore)
Kisan card has no connection to cash deposit of 7 lakhs or any amount
For any cash deposit you should have full source and details. Income proof is MUST
It is not Taxable for any amount ( be it more than 1 Crore)
Kisan card has no connection to cash deposit of 7 lakhs or any amount
For any cash deposit you should have full source and details. Income proof is MUST
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