Agricultural income
This query is : Resolved
31 January 2019
I am doing an agricultural activity & earning income . The land is in my grandfather's name. Can I show it as agricultural income in my return. Is it necessary to have the land in Assesse's name.
31 January 2019
Yes, you can show as agricultural income, because nexus should be between
income and land only, but not to the ownership of land.
Courtesy -- Ms. Chunauti H. Dholakia, Writing in 'The Chartered Accountant'--
January 2019 issue, Page 1023.
income and land only, but not to the ownership of land.
Courtesy -- Ms. Chunauti H. Dholakia, Writing in 'The Chartered Accountant'--
January 2019 issue, Page 1023.
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