HELLO FRIENDS, IF I HAVE ONLY AGRICULTURAL INCOME
WHICH ITR I FILL
WHETHER ITR 2 OR ITR 4
2 Replies
llllVICTORllll
(Internal Auditor)
(511 Points)
Replied 10 March 2010
ITR 4 I think.. and if you have agricultural income only then, how come your profile say financial manager? It should have been called agriculturist or proprietor something like that.(just out of curiosity)
CA Anil Sah
(DGM(F), PSU)
(139 Points)
Replied 10 March 2010
Dear friend,
ITR form depends on the sources of Income.
ITR II For Individuals and HUF Not having business \ Profession Income.
ITR IV For Individuals and HUF having Income From Proprietary Business or Profession
Agriculture Is not cover in defination of business or profession , it is a activity or opreation which is carried by assessee
income from agriculture is exempt under Income Tax Act , so it is not mandatory to file return of income
but if you want to file the same , then ITR 2 IS filled
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