Whom is the partial integration of agriculture and non-agriculture applicable?
Whom is the partial integration of agriculture and non-agriculture applicable?
Jeeba Jun. 21, 2018
Though the agriculture income is exempt from the tax if you have both agriculture income exceeding 5000 and non-agriculture income exceeding the basic exemption limit not chargeable to tax then both the income shall be added to compute total income and may higher tax is payable on non-agriculture income as per the tax slab.
This is done only in case of such assessee who gets the benefit of tax slab like individual/HUF/BOI/AOP and when agriculture income is more than 5000 and non-agriculture income exceeds basic exemption limit.
