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Agricultural income

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(Querist)
18 December 2013 Why is remuneration received by a manager for managing an agricultural land not an agricultural income.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
18 December 2013 Because it is not agriculture income as per sec 2(1A) of income tax act, 1961.
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Gautham

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Gautham (Querist)
19 December 2013 Isn't it covered under "Any income derived from such land by agricultural operations"
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
19 December 2013 no, managerial remuneration is not earned directly from operation of agrciulture but because of managers ability to work for the co.
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