Can partnership firm offer only agriculture income?
As land is not owned by single partner in partnership firm...
5 Replies
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 15 December 2012
need mre info for giving an opinion
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 15 December 2012
u said only agricultute income den wat is other income?
wat does the partnership do? wat does the deed says abt the object of formingpartneship etc such imp q
CA Hardik Bunha
(self)
(2121 Points)
Replied 16 December 2012
the object shows only perform agriculture activity...then what is your view.
i already said only agriculture income so, it mean no other income in simple terms Mr. tushar read question carefully.
for your view all sufficient details given in question.
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 17 December 2012
| Originally posted by : hardik bunha | ||
 |
the object shows only perform agriculture activity...then what is your view. i already said only agriculture income so, it mean no other income in simple terms Mr. tushar read question carefully. for your view all sufficient details given in question. |
 |
Mr hardik pls refer to ur 1 line of ur querry "Can partnership firm offer only agriculture income?"
if any1 reads it for 1st time then he may think that firm may have other income also...so learn
the art of asking and framing correct question.
Regarding land owned or not income tax is not
concerned but ther should be agriculture activity
as defined under sec2 and as illustrated in many
case laws...eg in raja benoy's cse.....
hope ur doubt is solved now that if it is agriclutral income then its exempted.
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