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Is income from paddy harvesting machine taxable

This query is : Resolved 
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(Querist)
18 January 2021 As per income tax act agricultural income’ under section 2(1A) provides that the following shall constitute agricultural income:
(i) any rent or revenue derived from land which is situated in India and is used for agricultural purposes [Section 2(1A)(a)]
(ii) any income derived from such land by agricultural operation including processing and sale of the agricultural produce as rent-in-kind so as to render it fit for the market [Section 2(1A)(b)],
(iii) income derived from building or land used for agricultural operation, in certain cases. [Section 2(1A)(c)]

So if any income is derived by way of renting harvesting machine is taxable or not. If yes, then why can't it be exempt under ii point of above definition. Because it cannot become marketable unless it's harvested.

Thank you
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 January 2021 It's exempted as this harvesting activity falls under processing of agricultural produce so as to render it fit for the market.
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