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TMI BlogTax treatment of loss of cropX X X X Extracts X X X X X X X X Extracts X X X X ..... Tax treatment of loss of crop X X X X Extracts X X X X X X X X Extracts X X X X ..... made heavy loss this year. Is there any provision in income tax law of india to exempt this losses from salaried income? Best, Anji Reply By Ganeshan Kalyani: The Reply: In my view income from agri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cultural land is exempt from income tax. If the income is exempt how can the loss from agricultural land be set off. In my view cannot be set off. I call for experts opinion in this regard. Reply By K ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ASTURI SETHI: The Reply: I do not deal with Income Tax cases but this is a simple question and a i is a matter of common knowledge. On the basis of common knowledge I am of the opinion that such set ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... off is not possible from salaried income or otherwise. Hence I fully agree with the views of Sh.Ganeshan Kalyani, Sir. Reply By MARIAPPAN GOVINDARAJAN: The Reply: If your query is given in detail th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... en the reply may be according to your query. Otherwise the views of the both experts are correct.
Reply By Ganeshan Kalyani:
The Reply:
Yes we welcome your query Anji Kum ji. X X X X Extracts X X X X X X X X Extracts X X X X ..... Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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