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Agriculture income means money received from the sale of paddy, food grains, sugarcane, fruits, vegetables etc. You can not expect money from the agriculture always. Sometime you may get money. In sometime you may not get anything from the agricultural field due to rain or famine or flood. So the agricultural income is not regular income. That is why there is no income tax for agricultural income.
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What is meaning of annual income?
'Annual income' is the total amount of money you earn in one year.
What is the meaning of the abbreviation 'EIC' on a tax form?
Earned Income Credit
What is the meaning of taxable income?
The amount of income subject to income taxes; found by subtracting the appropriate deductions (IRA contributions, alimony payments, unreimbursed business expenses, some capital losses, etc.) from adjusted gross income.
What income do you not file income taxes?
NONE. No INCOME. -0- ZERO INCOME. For sure you would NOT be required to file a 1040 federal income tax return. Actually, there is a federal minimum number below which you are not required to file any tax returns. State requirements also vary. For instance, in NH there is no income tax other than a small percentage on investment dividends, meaning you could earn $20million a year and not have to pay any state taxes on it.
Should every income have a corresponding asset?
For the first entry, yes, pretty much. If a company receives money from Income that is recorded as income and cash, cash being the asset account. If the company records the income as a recievable, meaning the customer hasn't paid yet, then the account would be an Accounts Receivable, also an asset account. Though income is recorded on the Income Statement and not the Balance Sheet, the revenue from said income becomes an asset, adjusting entries later on the books will take care of anything else, such as merchandise, inventory, cost of goods sold (if a merchandising company) or other expenses related to said income.
Who is the first ministery of kerala in aggriculture?
Com;K.R.Gauri.
What are Wyoming's magor industries?
aggriculture,mining,andtoirism
What was New Hampshire's aggriculture?
Potatoes, Fishing, Manufacturing textiles, Shipbuilding, pumpkin, potatoes,
What is the meaning of deemed income?
deemed income
What is the opposite meaning of income?
Some examples of words with the opposite meaning ("antonyms") as income are:expenditure (or expenses)spendingoutgocostsbills
What is meaning of annual subscription?
What is meaning of annual income? 'Annual income' is the total amount of money you earn in one year.
What is meaning of annual income?
'Annual income' is the total amount of money you earn in one year.
What is the meaning of gross income tax?
This means that Income tax is ucky and shouldn't have to be paid.
What is the meaning of deffered income?
When you have earned income but will get paid in the future rather than upon earning it.
What is the meaning of income-generating scheme?
a type of scheme
What is the meaning of ad supported?
Financially supported by the income from advertisements.
What is the meaning of income goods?
income goods means goods that were not used by producers. And outcome goods called produced goods
