If Agricultural income exceeds Rs 5000 and the person also having Business income,
which ITR has to be filled.
please suggest
6 Replies
akshay kailash verma
(to be a ca and cs with mba in finance)
(39 Points)
Replied 25 December 2021
Itr 3
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 25 December 2021
Agricultural income in ITR 1 is to be shown under the column of Agriculture Income. But ITR 1 can only be used if the agricultural income is upto Rs 5,000.
In case if the said income exceeds 5000 with business income ITR-2 is required to be filed.
In case if the said income exceeds 5000 with business income ITR-2 is required to be filed.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 26 December 2021
Person having business income cannot file ITR 2.
Need to file ITR 3 in above case.
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