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DEFINITION OF AGRI INCOME

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked about 3 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 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

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered about 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

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Data?1494421738 samkit kothari answered about 3 years ago

> `DEFINITION OF AGRI INCOME`

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 DEBOJEET MAZUMDAR answered about 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.

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