Agricultural Income
Bala Pullaiah B (Salaried) (179 Points)
25 February 2010Bala Pullaiah B (Salaried) (179 Points)
25 February 2010
Max Payne
(employed)
(2574 Points)
Replied 25 February 2010
Poultry business is taxable under profits and gains of business...
Agricultural income is exempt for all assessees, if it is derived in India. However, if composite income is derived, a certain percentage will be taxable, and the rest is exempt.
Max Payne
(employed)
(2574 Points)
Replied 25 February 2010
Poultry business is taxable under profits and gains of business...
Agricultural income is exempt for all assessees, if it is derived in India. However, if composite income is derived, a certain percentage will be taxable, and the rest is exempt.
C.Balaji
(Learner)
(1867 Points)
Replied 25 February 2010
Dear Bala..........please clarify your queries......
Agricultural income of a Co. is exempt from tax..............No integration for companies........
and Poultry income i think Business income....