29 December 2009
A.Y. 09-10 agriculture income 35000/- LTCG(from sale of land) 250000/- assessee - resident femle(below age 65yrs) QUE. tax calculation ???
HINT:here no normal income is there!
NOTE:"partial integration taxation"applies when there is normal income(slab rate income)along with agri.income
30 December 2009
agriculture income above Rs5000 will be chargeable to tax.in your case first add agr income with max amount not chargeable to tax and calculate tax liability on it. then add agr income with other income and calculate tax liability. difference b/w the 2 taxes(plus ed cess) calculated above will be your liability of tax.
31 December 2009
A.Y. 09-10 agriculture income 35000/- LTCG(from sale of land) 250000/- assessee - resident femle(below age 65yrs) QUE. tax calculation ???
HINT:here no normal income is there!
NOTE:"partial integration taxation"applies when there is normal income(slab rate income)along with agri.income
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