RENT RECEIVED FROM AGRICULTURE LAND
This query is : Resolved
Quick Summary
Suresh S. Tejwani
(Querist)
02 November 2022
Whether rent received from agriculture land is taxable or not ? Deductor has deducted TDS on rent paid.
If not, then is it considered as agriculture income as exempt income under the head other sources?
If not, then is it considered as agriculture income as exempt income under the head other sources?
02 November 2022
* Agricultural income ,if tenant used the land for agricultural purposes.
* If not, rent is taxable to be offered under the head IFOS.
* If not, rent is taxable to be offered under the head IFOS.
Suresh S. Tejwani
(Querist)
02 November 2022
Whether the assesee is liable for GST for the rent ?
02 November 2022
No. Renting or leasing of land by farmers for agriculture, forestry, fishing or animal husbandry is exempt from GST.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Visiting card purchase
- Additional trade name
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
