Agriculture Income

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73 Points Posted on 12 June 2020
My query is I am taking agriculture land on lease for farming pomegranate, so my query is which tax applicable for this . please suggest
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On 12 June 2020 at 11:24 Report
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This discussion explores the taxability of agriculture income, particularly for those leasing land for farming. While agriculture income is generally considered exempt, questions arise when it appears to be taxed in ITR2 under Schedule EI. The user is seeking clarification on how to correctly report leased agriculture income and understand its tax implications.

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284 Points Posted on 12 June 2020
Agriculture Income Is not taxable It is Exempt income..
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On 12 June 2020 at 13:22
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56 Points Posted on 27 August 2020
Is it?🤔 but when enter in schedule EI
"Agriculture income - expenditure=Net Agriculture Income" is being taxed in ITR2.
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On 27 August 2020 at 01:36

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