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ashok kumar

ashok kumar (Querist)
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09 February 2011 Can i show agriculture income as other income in IT,That land is on my fathers name

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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09 February 2011 In Case the land is in your father's name you can pay rent to him towards cultivating in his Agriculture land.

The income from crop, after deducting the rent and other expenditure towards seeds, fertilizer, labour, irrigation etc will be your Net Agriculture Income.

Guest

Guest (Expert)

09 February 2011 Perfect advise of Shri Bafna.

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ashok kumar

ashok kumar (Querist)
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11 February 2011 thanks Sir,