Agriculture income

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6 Points Posted on 22 January 2021
Hi,Rent received in agriculture land then the income is considered as income from other sources or income from agriculture
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On 22 January 2021 at 11:04 Report
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This discussion clarifies the tax treatment of rent received from agricultural land. It addresses whether such income is classified as 'income from other sources' or as agriculture income, which is typically exempt. The query also seeks specific guidance on the appropriate accounting entries, including which accounts to credit and debit.

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Chartered Accountant
24588 Points Posted on 22 January 2021
It is exempt
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On 22 January 2021 at 12:26
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2 Points Posted on 20 September 2023

can you Please specify the entry with accounts head, which need to credited & debited ????

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On 20 September 2023 at 11:38

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