Exemption on rent income to solar power generating company
This query is : Resolved
Suresh S. Tejwani
(Querist)
21 March 2026
If a person gives agricultural land on lease for solar power generation, is the lease rent exempt as agricultural income u/s 10(1)or taxable under the Income Tax Act?
Under which head of income will it be taxed and whether TDS u/s 194I is applicable?
Also,is there any other exemption or benefit available under the Income Tax Act for such income?
Under which head of income will it be taxed and whether TDS u/s 194I is applicable?
Also,is there any other exemption or benefit available under the Income Tax Act for such income?
21 March 2026
• Lease rent for solar power generation = Fully taxable
• Not agricultural income u/s 10(1)
• Taxable under IFOS / Business Income
• TDS u/s 194I applicable @ 10%
• No specific exemption available
• Not agricultural income u/s 10(1)
• Taxable under IFOS / Business Income
• TDS u/s 194I applicable @ 10%
• No specific exemption available
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