Agricultural Land lease provided to wind power company for income consideration to income tax comput
This query is : Resolved
12 October 2024
Hello Sir,
I have one client for Agricultural Land Lease provide to Wind electricity company, as per lease agreement, agreement period is 20 years lease amount is Rs. 20Lacks. The lease amount paid by company whole in single year rs. 20lacks single payment and also Tds deducted @rate 10%.
But above situtation how much income disclosed to income tax return because Rs. 20 lacks considered not a single year it should lease period is 20years the income should shown year by year also.
Kindly tell the above problem solution
I have one client for Agricultural Land Lease provide to Wind electricity company, as per lease agreement, agreement period is 20 years lease amount is Rs. 20Lacks. The lease amount paid by company whole in single year rs. 20lacks single payment and also Tds deducted @rate 10%.
But above situtation how much income disclosed to income tax return because Rs. 20 lacks considered not a single year it should lease period is 20years the income should shown year by year also.
Kindly tell the above problem solution
15 October 2024
Show the income year by year and keep it under advance the balance amount.
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