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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 ..... Hi, I own some agriculture land and 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - The Reply = In my view income from agricultural 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 e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xperts opinion in this regard. - Reply By KASTURI 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... knowledge I am of the opinion that such set 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - The Reply = If your query is given in detail then 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... welcome your query Anji Kum ji. - Tax treatment of loss of crop - Query Started By: - Anji Kum Dated:- 8-12-2015 Income Tax - Got 4 Replies - Income Tax - Discussion Forum - Knowledge Sharing, repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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