Taxability of agri income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2011
Please provide us taxability of Agri Income from FY 1983-84, only if it is taxable or not or whether Partial intigration is required or not?
08 December 2011
Agriculture income is totally exempted from income tax.
If a person has both agriculture income and non agriculture income in such a case agriculture income is added to non-agriculture income for rate purpose only that is to say non-agriculture income will be taxed at high rate, after finding the tax rate agriculture income will be deducted.
If a person has both agriculture income and non agriculture income in such a case agriculture income is added to non-agriculture income for rate purpose only that is to say non-agriculture income will be taxed at high rate, after finding the tax rate agriculture income will be deducted.
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