Agricultural Income u/s 2(1A)
This query is : Resolved
15 September 2009
If an individual runs nursery and the major income derived is from Letting out the Plants/Saplings in the nursery to Various parties then is it falling under Agricultural Income u/s Sec 2(1A) as amended?
If yes then will it be eligible to be exempt under Sec 10?
If an individual runs nursery and the major income derived is from Letting out the Plants/Saplings in the nursery to Various parties then is it falling under Agricultural Income u/s Sec 2(1A) as amended?
If yes then will it be eligible to be exempt under Sec 10?
17 September 2009
Yes. the word Any Income in explanation-3 to
this section includes all types of income which an assessee may get from sapplings and seedlings.
this section includes all types of income which an assessee may get from sapplings and seedlings.
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