Depalpur returns combine potato and maize farming, cold storage or mill income and salaries. This page explains what goes where.
Crop Income
Potatoes, maize and rice from your own land are agricultural income. Keep the land record and sale receipts.
Cold Storage Owners
Storage rent received, less electricity, staff, repairs and depreciation, gives the profit. Electricity is often the biggest cost, and the advance tax on industrial bills is credited.
Potato Traders
Traders who buy potatoes and store them for later sale earn business income on the difference, after storage and transport costs.
Rice Mills
Profit is rice and by-product sales less paddy, power, wages and depreciation.
Salaried Persons
Teachers and government staff enter salary and tax deducted.
Wealth Statement
Land, cold storage buildings, machinery, vehicles and balances are listed.
Input Dealers
Seed, fertiliser and pesticide dealers show sales, purchases from companies and closing stock. Companies deduct tax on supplies to dealers, and these deductions are listed and credited.
Families Leasing Out Land
Land leased to another farmer for cash rent remains agricultural income for the owner, while the tenant's crop sales are his own agricultural income.
Remittances
Money from family members in the Gulf, received through banks, is shown in the wealth statement as receipts.
Late Filing
A return filed after the deadline is still accepted; the surcharge applies to rejoin the Active Taxpayers List.
Haveli Lakha Shops
Shopkeepers in Haveli Lakha and the smaller bazaars show purchases from Okara wholesalers and a daily sales total.
Also see NTN registration in Depalpur.
Frequently Asked Questions
Is potato trading agricultural income?
No, buying and reselling potatoes is business income.
Can I claim tax on the cold storage's electricity bill?
Advance tax on industrial bills is generally credited.
Is storage rent taxable?
Yes, it is business income.