Agriculture business of a Partnership Firm
This query is : Resolved
12 February 2011
R/sir,
I want to know that Can a partnership firm can do agriculture Business?
And the Income in that case will be exempt as agriculture income or will be taxable?
Please explain me with case law or sections.
Thanx and Regards,
Ritu Rawal
I want to know that Can a partnership firm can do agriculture Business?
And the Income in that case will be exempt as agriculture income or will be taxable?
Please explain me with case law or sections.
Thanx and Regards,
Ritu Rawal
12 February 2011
of course.. theres no restriction on doing agriculture business in partnership..
& d agricultural income will be exempt from tax u/s 10(1)
& d agricultural income will be exempt from tax u/s 10(1)
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