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Income from agriculture
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 ?
Replies (4)
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.
Not comes under house property
It is a rental income should be shown under other income
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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