Check sibling questions

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

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Q2.

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

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Q3

Mr A sells packed sacks of rice in Market

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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, Kerala and online.