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Is Rent Recieved from Nursery agricultural Income?

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Manish G Nair

Manish G Nair (Querist)
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18 November 2019 As per Explanation 3 to Sec.2(1A), any income derived from saplings or seedlings grown in a nursery is deemed to be agricultural income.
Also, Clause (a) to the said section states that any rent derived from Land which is used for agricultural purposes is agricultural income.
If so, can it be said that Land rent recieved from an nursery is agricultural income?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 November 2019 Yes it's agricultural income

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KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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19 November 2019 Yes it's an agricultural income

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