I have 37 acrs of agricultural land and I gave it on rent to two nurseries for 3 lakhs per annum per acre. lease agreement is also got registered. whether such registered lease agreement serves as a conclusive evidence for earning of agricultural income.
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Quick Summary
This discussion clarifies whether a registered lease agreement for agricultural land can serve as conclusive evidence of agricultural income. The consensus is that a properly registered lease agreement, especially when renting land to nurseries for a substantial annual sum, is sufficient proof of income.