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Liability of filling it return in case having only agri inco

CA Shailesh Urdhwareshe (Sr. Partner) (95 Points)

16 August 2016

A person is having lot of agriculture land , situated beyond 8 kms of urban limits. he has only agriculture income. is he liable to file his income tax return ?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177852 Points)
Replied 16 August 2016

Liability of filing ITR arises only if the total taxable income exceeds basic exempted limit. If he has only agricultural income which is totally exempted, so liability of filling return does not arise.