I NEED TO KNOW WHETHER THE AGRI INCOME ALSO DISCLOSED IN P&L AND B/S OR NOT? IF YES, PLEASE CLARIFY HOW TO DEALT WITH THIS
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 18 March 2018
You can deal it include or Exclude...
If you are included then You ll be show under computation as "Exempted Income included in PandL"...
If you are not shown it include then You can separately shown in Computation window..
If you are included then You ll be show under computation as "Exempted Income included in PandL"...
If you are not shown it include then You can separately shown in Computation window..
PANDIAN BRIGHT
(TAX CONSULTANT)
(331 Points)
Replied 18 March 2018
THANK YOU FOR YOUR REPLY SIR. HE PURCHASED ANOTHER A PROPERTY DURING THE P.Y. BY UTILISING THE PROFIT OF AGRI INCOME ALSO. CAN I SO THAT AGRI INCOME IN LIABILITY SIDE (SOURSES) OF BALANCE SHEET WITHOUT SHOW IT IN P&L?
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