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Tax treatment

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 January 2015 SIR,
One of my client taken 10 acre agricultural land on lease basis. at the end of year he earns 100 lacs amount by doing business. what is the tax treatment.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 January 2015 Agricultural income is exempted from tax but will be included for rate purposes for taxing non agricultural income.
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Rupesh Jain

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Rupesh Jain (Expert)
29 January 2015 if he is doing cropping the crop then int exempt due to agriculture income.
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 January 2015 rupesh SIR,
Main purpose of company is doing agricultural business.

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