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Agreecaltural INcome

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Querist : Anonymous (Querist)
11 August 2010 if a company or partnership firm creat inncome from Agreecaltur then is it examt income ?

11 August 2010 yes it is exempted income.

11 August 2010 AGREED , INCOME FROM AGRICULTURE BY COMPANY OR FIRM IS EXEMPT.

fOR TAX SAVING ON AGRICULTURE : Form a company or a partnership firm for the purpose carrying on your agricultural operations and nothing else. As indirect effect of agricultural income is not applicable in a company or a firm I.E AGGREGATION IMPACT.. The complete amount would become exempt from taxation




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