RENT RECEIVED FROM AGRICULTURE LAND
This query is : Resolved
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.
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.
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