The assessee is a farmer who has 30acres of land. During the FY 18-19 ,he deposited 65lacs cash and made the withdrawal subsequently for agriculture expenses. Now the notice was received for the cash deposit. How the issue can be solved?
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Cash deposit of agriculture income
Replies (8)
Rural or urban
Visit nearest ca with all income tax filing of year 2018-19.
agriculture income has to be shown in itr.
can show proof of sale of land for this.
agriculture income has to be shown in itr.
can show proof of sale of land for this.
It's rural area and it's not sale of land sir it's agriculture income
Sale of rural agricultural land is exempt but ..... still it has to be shown in itr in exempt income. Hiding facts from ITR is an offence. So, pls meet a CA regarding this with all docs as said above.
@ Sharath Chandra,
Please read the query once again...
The said cash is not for sale of land...
Income from sale of Agriculture products...
Please read the query once again...
The said cash is not for sale of land...
Income from sale of Agriculture products...
@ sarath
no evasion question had been mentioned by the querist.
no evasion question had been mentioned by the querist.
@ Sharath Chandra,
Please read the query once again...
The said cash is not for sale of land...
Income from sale of Agriculture products...
Please read the query once again...
The said cash is not for sale of land...
Income from sale of Agriculture products...
Right, my mistake ..
even then the answer remains same. agriculture income has to be shown every year in itr.
even then the answer remains same. agriculture income has to be shown every year in itr.
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