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Agriculture Income is exempt or not

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AMIT KUMAR (Querist)
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18 April 2009 Sir,
Agriculture Income is exempt or partially exempt or not, what is the limit of exempt agriculture income and what's the slab for calculation of agriculutre income in I.T.

Please provide a brief detail for that topic.

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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18 April 2009 Agricultural income is fully exempt, however if an assessee has both agro and non- agro income for the purpose of calculating tax on non- agro income intergration (if agro and non- agro income )is made.

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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18 April 2009 Agree with expert

CMA KNVV Sri Vidya - Sri Kanth

CMA KNVV Sri Vidya - Sri Kanth (Expert)
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19 April 2009 agree with expert

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