Hello Everyone...One of my client is having agriculture and other business income.
1.How how agricultural income is taxed for the AY 2020-21 ?
2. He is having presumptive business income around 3 lakh and agriculture income around 203000.. Will he liable to pay tax
3. What are the conditions in order to avail agriculture income ?
1. NET agriculture income is greater than 5000 during the year and non agriculture income is great er than 250000for individual below 60yr age and all other applicable persons
greater than 300000 for individual between 60 to80 yr of age
and greater than rs 500000for individual above 80yr
CAclubindia
