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agricultural income
meaning and types
Replies (7)
agriculture income in india z exempt from tax by virtue of section 10 (1). bt A.I frm outside india z taxabl u/h other sources
AI means
1. any rent derived from land situated in india and used for agriculture purpose.
2. income by renting agriculture land or any process by cultivator.
3. income from farm house(not a marriage farm house)
4. any income derived from saplings or seedling grown in nursery
1. any rent derived from land situated in india and used for agriculture purpose.
2. income by renting agriculture land or any process by cultivator.
3. income from farm house(not a marriage farm house)
4. any income derived from saplings or seedling grown in nursery
income from sale of agriculture land ??
sale of agricultural land comes in income undr haed capital gain
sale of rural agricultue land is exempt and sale of urban agriculture land is taxable
sale of rural agricultue land is exempt and sale of urban agriculture land is taxable
income from farming
exempt
it is exempt it comes in agriculture income
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