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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  1. Income Tax
  2. Agricultural Income
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Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 7 years. He provides courses for Mathematics and Science from Class 6 to 12. You can learn personally from here https://www.teachoo.com/premium/maths-and-science-classes/.
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