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
(Jr. Manager (F&A) 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
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