FAQs on agricultural income (Section 2(1A) and Rule 7)

Chapters / List

1. When can income derived from the land be treated as agricultural income under Section 2(1A)(a)?

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2. What is the provision of Section 2(1A)(b)(ii)?

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3. What is the provision of Section 2(1A)(b)(iii)?

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4. When income from farm building may be treated as agricultural income under Section 2(1A)(c)?

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5. When agricultural land is considered situated in a rural area?

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6. When income from nursery operation shall be deemed agricultural income?

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7. What is the provision of Rule 7 of the Income-tax Rules, 1962?

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8. How to determine the market value of agricultural produce where produce is ordinarily sold in the market?

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9. How to determine the market value of agricultural produce where produce has no market?

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10. What is the provision of Rule 7A of the Income-tax Rules, 1962?

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11. Which deduction is allowed while computing income from the sale of the produce of rubber plants?

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12. What is the provision of Rule 7B of the Income-tax Rules, 1962?

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13. Which deduction is allowed while computing income from the sale of coffee grown, cured, roasted, and grounded in India?

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14. What is the provision of Rule 8 of the Income-tax Rules, 1962?

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15. Which deduction is allowed while computing income in respect of the business of growing tea leaves and manufacturing tea?

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16. What is the tax treatment of agriculture income?

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17. What is the taxability of capital gain arising from the sale of agricultural land?

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