Agri income for computing limit of 50 lacs, Income Tax

[Ramakrishna Nune]

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

Posts / Replies

[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.

[Ganeshan Kalyani]

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