The ITAT emphasized that a proper assessment of the agricultural income was necessary before confirming the addition under Section 68. The assessee’s counsel argued that sufficient evidence, including ...

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There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.

The Budget 2025 is widely expected to place an enhanced focus on the agriculture sector and potential tax reforms like phasing out of the old tax regime introduction of zero income tax for those ...

This is the highest rate of tax you pay, and will depend on your total income. If you have savings split into more than one account, you may want to repeat this exercise to calculate the potential ...

PESHAWAR, Jan 31 (APP):Provincial president Pakistan People’s Party (PPP) Khyber Pakhtunkhwa Syed Muhammad Ali Shah Bacha has the imposition of termed the tax on agricultural income as an anti-farmer ...

SWABI: The leaders of farmers said that passage of agriculture ... said that 15 per cent tax was imposed on annual agriculture income of Rs6 million to Rs1.2 million, 20 per cent on the income ...

ITAT Mumbai restored the matter of addition under section 68 towards agricultural income since all facts and records for sales are not brought on record. ITAT directed assessee to demonstrate that ...

ARMONISING the provincial agriculture income tax 8 regimes with federal personal and corporate income tax rates is one of the key goals of the ongoing $7bn IMF funding programme. The provinces had ...

Furthermore, a 15 percent tax will be imposed on agricultural income between Rs6 million and Rs12 million annually, while a 20 percent tax will apply to annual agricultural income ranging from ...

Small farmers will also be taxed based on their annual agricultural income,Income between PKR 600,000–1,200,000: 15% tax. Income between PKR 1.2 million–1.6 million: 20% tax. Income between PKR 1.6 ...

In the amended income tax returns form to be submitted there should be allowance for showing and taking deduction for agriculture income (an example). So, India Income Tax authorities should be ...