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?
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
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