- Income from Sale of Land is Capital Gain Income and not Agricultural Income
- Income from use of building/house attached to land for any business or profession or letting for use as business or profession
- Income from performing only subsequent operations is not agricultural income
- Commission earned by broker from selling Agricultural produce is not agricultural income
- Dividend received by shareholder from a company carrying agricultural operations is not agricultural income.
- Interest received on late receipt of Rent is not Agrcultural income
Taxability
All the above do not fall under definition of Agricultural Income
and hence cannot claim exemption which is available for Agricultural Income
Hence all these incomes are TAXABLE
