Need A Financial Product Forums Tax Savings If an individual is an agriculturist, is his income taxable?

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #47332
    Sameer Kapoor
    Participant

    If an individual is an agriculturist, is his income taxable?

    #47333
    samkapoor77
    Keymaster

    if an individual is an agriculturist then his/her income is not taxable per se. however, if he or she is deriving income from any other sources like income from property, or income from investment, then in that case then while calculating tax on those income the agricultural income of individual will be considered and taken into account, so that he/she pay tax at a higher rate on other income.

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.