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Doubt in agricultural income

Others 611 views 1 replies

could some  please tell me that
when do we tax agricultural income under section 10(1) ?
&
when do we say that income from rural agricultural land is exempt from tax?

thanks..

Replies (1)

Der is no taxation but and exemption is provided under sec10(1).

There is nothing called rural or urban agricultural land...its jus says agriculture income wther frm rural or urban agricultural land  is not chargeable to tax.

If the income is not agricultural income as defined den no exemption is availble and it is taxable.


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