Exemption on rent income to solar power generating company

Save Share

This query is : Resolved

Suresh S. Tejwani (Querist)
Follow

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?

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
Follow

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

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now