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Agri income for computing limit of 50 lacs, Income Tax

Issue Id: - 110435
Dated: 31-5-2016
By:- Ramakrishna Nune

Agri income for computing limit of 50 lacs


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Whether agriculture income is to be included while calculating limit of ₹ 50 lacs for disclosure of assets of individual. Thanks in advance

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Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 31-5-2016
By:- Ganeshan Kalyani

Sir, in my view it is to be included. Though the income is exempt it is disclosed in the income tax return as a disclosure effect. Similarly it should be considered for the purpose of disclosure of asset. Thanks.


2 Dated: 31-5-2016
By:- Ganeshan Kalyani

Sir I welcome views of expert colleague as well in this regard. Thanks.


Page: 1

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