Is agricultural income of a private limited company taxable whose main objective is of land development. i.e. a real estate company.
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Tax on agricultural income of private limited company
Replies (7)
Agricultural income of a Private Limited Company is exempt from tax.
What nonsense.......
Agriculture income is taxable 30.9 to any company and firm.
Income is exemp only for individual and huf provided certain condition specified there in.
But company shoud have to pay tax at mmr.
Hemang shah,
I hope u get ur taxation knowledge correct otherwise it will not help u for you final exams.
. agricultural income is excempt irrespective of type of person u/s 10(1)
for indivisual, HUF and AOP/BOI partial integartion of income is applicable
AGREEE WITH RICHA AGRICULTURE INCOME EXEMPT FROM ATX UNDER SEC 10
Agree with Richa............... and Mr.Hemang Shah you must give respect to others even if you know something better than others. You would have started your comment with "I would like to correct you............." instead of "What Nonsense...........".
| Originally posted by : AJAY SIMHA | ||
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Hemang shah, I hope u get ur taxation knowledge correct otherwise it will not help u for you final exams. . agricultural income is excempt irrespective of type of person u/s 10(1) for indivisual, HUF and AOP/BOI partial integartion of income is applicable |
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