Agriculture income.

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9 Points Posted on 12 July 2021
what is a agricultural income ?
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On 12 July 2021 at 18:51 Report
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Agricultural income is defined under Section 2(1A) of the Income Tax Act. It encompasses rent or revenue derived from land situated in India and used for agricultural purposes. This also includes income from buildings on or associated with agricultural land, and commercial produce from horticultural land.

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3924 Points Posted on 12 July 2021
Agriculture Income is defined under section 2(1A) of the Income Tax act - Any rent or revenue derived from land which is situated in India and is used for agriculture purpose .
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On 12 July 2021 at 19:27
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Chartered Accountant
24588 Points Posted on 12 July 2021
Agricultural income refers to income earned or revenue derived from sources that include farming land, buildings on or identified with an agricultural land and commercial produce from a horticultural land. Agricultural income is defined under section 2(1A) of the Income Tax Act, 1961.
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On 12 July 2021 at 20:32

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