HELLO FRIENDS, CAN ANYBODY TELL ME IF THE PERSON HAS ONLY AGRICULTURAL INCOME
THEN WHICH ITR IS TO BE USED.
8 Replies
CA Anil Sah
(DGM(F), PSU)
(139 Points)
Replied 05 March 2010
IF ASSESSE IS INDIVIDUAL \ HUF , THEN ITR - 2
C.Balaji
(Learner)
(1867 Points)
Replied 05 March 2010
Dear Sagar.............
Agricultural Income is exempt from tax u/s 10(1).........
since there is no non-agricultural income..........
Amir
(Learner)
(4016 Points)
Replied 05 March 2010
Dear Sagar Sir,
I would go with friend Balajis reply..............
Bala
(Student)
(498 Points)
Replied 05 March 2010
If a person has only agriculutral income.. it wont be taxed
Divya K S
(CA)
(289 Points)
Replied 06 March 2010
If the assessee has only agricultural income, then he need not file the return since, agricultural income is exempt & there is no other taxable income.
Deepesh Jain
(C.A (May 11 Batch))
(104 Points)
Replied 06 March 2010
u may file itr 4 as it is business show the agriculture income under exempt income
and rest all will be blank
Recent Topics
- Property late registration selling now
- REQUIRED DELHI BASED LOGISTICS COMPANY 2 YRS OLD
- Rebate under 87A - STCG right to property
- GST RFD-01
- Profit & Loss Statement Analysis: Gross Profit
- Response to defective return notice in case of 139
- Capital loss for surcharge purchase?
- RCM on certain expenses under Sec.9(3) and 9(4)
- CPA to Company Registration Services for USA
- RCM RELATED TOPIC
Related Threads
CAclubindia
