Agriculture income recvd by co.

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 July 2013 Whether agriculture income received by co. Is exempt..off so please clarify with relevant section.

09 July 2013 Agri. incomne is not taxable under I. Tax Act, but for rate / slab purpose it is to be consider for calculating tax.
This prov. is applicable to individuals and HUF, to which paragraph A of partI of first schedule applies. Not applicable to Co.

09 July 2013 agree with the expert.




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