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Exemption on rent income to solar power generating company

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(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?
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
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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