agricultural income is taxbla
keshavamurthy mb (155 Points)
19 August 2019
agricultural income is taxbla or not
3 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 19 August 2019
1. Agricultural income is exempt from tax
2. However it has to be aggregated with TI (non-agricultural income) for determining the rate at which non-agricultural income would be subject to tax, in case of individuals, HUF, AOPs & BOIs etc., where the net agricultural income exceeds Rs. 5000 p.a. and non-agricultural income exceeds basic exemption limit.
Kapadia Pravin
(17264 Points)
Replied 19 August 2019
Agri income is exempt. Comply with ITR Details furnishing
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 19 August 2019
Yes... I agreed to Mr Deepak Gupta's view....
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