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Agricultural income

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 February 2016 Is it compulsory to sell agricultural produce in Mandi to avail exemption u/s 10 of Income tax ?
if Yes, as per which section or rule or notification ?
Kindly revert.
Thank you.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 February 2016 No such condition for claiming exemption u/s 10.
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 February 2016 During the assessment u/s 143 (3), the ACIT is asking Mandi sales bill otherwise to add back to the income by taxing the same. What to do ?
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CA Mehta Ankur N.

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CA Mehta Ankur N. (Expert)
15 February 2016 Give other bills to whom u sold... Prove that its agriculture income only... U Doing any other business wiz a wiz ?
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 February 2016 Yes, Assessee has contract business also.

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