Menu
Taxability on Agriculture subsidy
If a person receive agriculture subsidy/crop insurance claim from Govt. whether it is taxable under Income tax or exempt Income. Can we add subsidy rec'd. in net agriculture income or require to show separately in ITR3 pls Reply
Replies (1)
If the subsidy or insurance claims are against any capital loss, its tax free, and should be reported under Schedule 'Exempt Income'
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
