Income  from Agricultural Operations

  1. Agriculture (Sale of Agricultural Produce)
  2. Income from any activity which is normally employed to make product fit to market (Like storing goods in sacks)
  3. Sale of goods by cultivator/receiver of rent in kind on which only marketing process undertaken as per (2)

 

 

 

Income from Agricultural operations - What is Agricultural Income

 

 

 

 

INCOME OF LANDLORD CAN ALSO BE FROM AGRICULTURAL OPERATIONS

AGRICULTURAL OPERATIONS LANDLORD.png

  QUESTIONS

Q1

Mr A grows rice in his farm and sells it in Market for Rs 40000

View Answer

Q2.

Mr A gives contract to Mr B for packing rice in sacks,How is B’s income taxable.

View Answer

Q3

Mr A sells packed sacks of rice in Market

View Answer

Learn in your speed, with individual attention - Teachoo Maths 1-on-1 Class

Ask a doubt
CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.