Income tax return

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Renu (Querist)
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10 November 2013 which itr to be filed if a person has salary income , interest income and agriculture income ? what documents to be attached for interest payment of housing loan and showing agriculture income in income tax return?

CA Pallav Singhania

CA Pallav Singhania (Expert)
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10 November 2013 ITR 4 is to be filed...

In case of of joint applications, know-your-client (KYC) details such as identity and address proof of the co-applicants, income proof and proof of co-ownership of the property are required.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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10 November 2013 Aryan, why is ITR-4 required?? ITR -2 is sufficient. There is no business/professional income.

Renu, no documents need to be attached with the return if you are filing online.

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CA Pallav Singhania

CA Pallav Singhania (Expert)
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10 November 2013 @Nikhil ji..
In case income from agriculture income which is chargeable to tax so, ITR4...

Nikhil Kaushik

Nikhil Kaushik (Expert)
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10 November 2013 Aryan Bhai. agreed. but the query doesn't suggest taxable agricultural income.

Anyways, I think the querist got both the opinions to cover all the possibilities.

Renu

Renu (Querist)
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10 November 2013 can u plz tell me
when agriculture income is taxable?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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10 November 2013 if it is in urban area. please check the definition of agriculture land (from which income is exempt) under section 2(1A)

CA Pallav Singhania

CA Pallav Singhania (Expert)
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11 November 2013 Certain income which is not treated as Agricultural Income;

(a) Income from poultry farming.

(b) Income from bee hiving.

(c) Income from sale of spontaneously grown trees.

(d) Income from dairy farming.

(e) Purchase of standing crop.

(f) Dividend paid by a company out of its agriculture income.

(g) Income of salt produced by flooding the land with sea water.

(h) Royalty income from mines.

(i) Income from butter and cheese making.

(j) Receipts from TV serial shooting in farm house is not agriculture income.

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