santhosh (CA) (636 Points)
31 August 2009Pls clarify on the following
X has agricultural income of Rs 202263,Other income RS 81519. How to compute the tax liability for X.
If i add Rs 150000 to Agri income and calculate tax it is more than tax payable on Aggregate income (i.e AGri+ Non Agri)
Sorabh Gupta
(Manager ( Taxation ))
(877 Points)
Replied 31 August 2009
In that case you have no need to pay tax ....................
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 31 August 2009
YES YOUR TAX LIABILITY WILL BE NIL
CAclubindia
