RENT RECEIVED FROM AGRICULTURE LAND

This query is : Resolved

Suresh S. Tejwani (Querist)
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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?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
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02 November 2022 Whether the assesee is liable for GST for the rent ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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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RENT RECEIVED FROM AGRICULTURE LAND

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