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Application of agricultual income

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 October 2012 Hello, Income received from agricultural income of 25 lacs in a year.Same amount invested in shares and made a profit of 3 lacs .what is the taxable amount for an Company? Thank You
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CA. Vikash Dwivedi

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CA. Vikash Dwivedi (Expert)
30 October 2012 Agricultre income is Exempt but income generated out of exempt income is not exempt.

taxable amount shall be the Gain you made whether longterm or shorterm.

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