ITR V (Aggriculture Income)

Anup (C.A Final Student) (70 Points)

17 November 2009  

Well when an assessee has Aggriculture income and its aggregated with business income and the assessee pays the tax at hiiher rate but in the ITR V this aggriculture income is not reflected as this was not in the case with old Saral. So assessee some time confuses himself that whether he has declared the aggriculture income or not and his total income is less as compare to filled. moreover Bankers do not acepts the computation sheet as it do not bear stamp of Income tax department and so many cases has been informed about loan rejection due to this.

 

What you think about this ?