Tax treatment of agricalture income
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 September 2016
what is tax treatment of agricalture income if income is more than Rs. 5000/-
18 September 2016
Not taxable.if more than 5000/- then it will be taken for clubbing with taxable income when the taxable income is above the basic exemption limit.if only agricultural income it is not taxable
Expert : Anonymous
Expert :
Anonymous
(Expert)
19 September 2016
agree with the expert. only for aggregating purpose it is required. else no effect on taxability if only agro income
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