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Taxability of Agriculture Income
What is the taxable limit of agriculture income..? Is it taxable after 1cr..? And if i have taken Kisan credit card, then can i deposit 700000 in it without any income proof?
Replies (2)
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
if u have any other income than agri income in auch case partial interigation will apply
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