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Agriculture Income

This Income is Exempt from Income tax under Section 10(1)

 

Definition of Agricultural Income

Agricultural income is defined under section 2(1A) of the Income-tax Act.

As per this section, agricultural income generally means:

  1. Rent or Revenue Derived from land
  2. Income from Agriculture Operations
  3. Income from Farm House/Building Attached to Agricultural Land

  Different types of Agricultural Income- Definition as per Income Tax - What is Agricultural Income

 

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi and Kerala.