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04 Aug 2015 09:03

Member

04 Aug 2015 09:03

If you do not have any other source of income it is unlikely that the income you earn from the corpus of 20lakh will be subject to income tax

04 Aug 2015 10:10

Moderator

04 Aug 2015 10:10

Agar Tumhare Paas Anya Sroto Se Aay Nahi Hai To Yah Asambhav Hai Ki Jo Aay Tum Faslo Se 20 Lakh Kamate Ho Us Par AayKar Lagaya Jaye.

Bottom line :- Agriculture income is tax free unless and until you have any other source of income.