12 January 2017
R/all,
one of my Frnd having income in F.Y 2015-16 as per following-
income from sale of milk- 170000 Approx
income from Tution- 180000 Approx
Agriculture income- 200000 Approx
what will be tax liability of having deductible us 80 C is Rs- 8000 only.
will the income from sale of milk be treated as agriculture income or business income
please suggest
CAclubindia
