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Income from agriculture

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60 Points Posted on 29 August 2020
Mr. A has a Tractor he used it for doing agriculture operations of other farmers. in such case income received by him from farmers is agriculture income or not comes under which head ?
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On 29 August 2020 at 07:20 Report
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Studwnt
1141 Points Posted on 29 August 2020
This would be a case of letting of machinery to farmers. therefore it's income from rental to be shown under INCOME FROM HOUSE PROPERTY.
14 Reply
On 29 August 2020 at 07:47
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60 Points Posted on 29 August 2020
Not comes under house property
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On 29 August 2020 at 07:51
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Article assistant
124 Points Posted on 29 August 2020
It is a rental income should be shown under other income
4 Reply
On 29 August 2020 at 17:30
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article
217 Points Posted on 30 August 2020
If it's below 2.5 lakhs not tax, if you are having your own agriculture land and you use that tractor for your own agriculture purpose too and you don't have any income other than this then you can try for showing as ancillary business related to agriculture
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On 30 August 2020 at 10:51


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