agricultural income
This query is : Resolved
22 January 2011
my friend sale eucalyptus trees in his land to paper mill for Rs.25,00,000/- can i treat such income as agricultural income and take exemption u/s 10(1)?
22 January 2011
Yes , sale proceeds is agriculture income.
Guest
Guest
(Expert)
22 January 2011
Provided these trees are output of agricutural operations
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