Uma
asked over 3 years ago
narahari
answered about 3 years ago
Any rent or revenue derived from a land, which is situated in india and is issued for agricultural purposes. The rent may be in cash or kind. Assessee may be the owner or tenant of such land
lochan
answered over 3 years ago
DEFINITION OF AGRI INCOME U/s 2 (1A) Any rent or revenue derived from a land, which is situated in india and is issued for agricultural purposes. The rent may be in cash or kind. Assessee may be the owner or tenant of such land Any income derived from such land must be by agricultural operation The conditions are land must be situated in india Thanks
DEBOJEET MAZUMDAR
answered over 3 years ago
As per Section 2(1A), agricultural income means 1.Rent from agricultural land in India used for the purpose of agriculture 2.Rent from building situated in the immediate vicinity of agricultural land situated in India and used for agricultural purpose and not situated in urban area 3.Growing of crops from land situated in India.
