leased agricultural land
Philip Mathew (113 Points)
12 October 2017
income derived from leased agricultural land is fully tax exempted or taxable.
Philip Mathew (113 Points)
12 October 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160609 Points)
Replied 12 October 2017
In the case of agricultural operations, it is not necessary that the cultivator be the owner of the land. He could be a tenant or a sub-tenant.
In other words, all tillers of land are agriculturists and enjoy exemption from tax
Philip Mathew
(113 Points)
Replied 12 October 2017
CAclubindia
