Agriculture income of individual
Suhel Bagwan (Tax consultants and Corporate Compliance Executive ) (39 Points)
02 October 2016Suhel Bagwan (Tax consultants and Corporate Compliance Executive ) (39 Points)
02 October 2016
CA Aman kesharwani
(Practice)
(159 Points)
Replied 02 October 2016
DEAR,
It would be better to show as credit in capital account. Trading and P/l Account will show actual profit from business.
Ashok Kumar
(CA qualified)
(389 Points)
Replied 02 October 2016
Even when it is credited to P&l it can be subtracted in the memo of income as income not to be included in total income