Sale of agricutural land
lohitha.surisetti (Student CA IPC / IPCC) (220 Points)
14 June 2017lohitha.surisetti (Student CA IPC / IPCC) (220 Points)
14 June 2017
lohitha.surisetti
(Student CA IPC / IPCC)
(220 Points)
Replied 14 June 2017
shouldn't we show the sale of agricultrual land in gross agricultural receipts?
Ravi Reddy
(ca final)
(139 Points)
Replied 14 June 2017
If we show, Gross Total income increases which may lead to Change of tax slab rate and tax may increase
lohitha.surisetti
(Student CA IPC / IPCC)
(220 Points)
Replied 14 June 2017
The question is whether we can show sale of agricutural land under Exempted income under gross receipts from agricultural income?