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Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)FAQs on agricultural income (Section 2(1A) and Rule 7) This

Income Tax - Frequently Asked Questions (FAQs)

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

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

  • Contents

Ans. Income derived from land can be termed agricultural income if the following conditions are satisfied:

a. Rent or revenue should be derived from the land;

b. Land should be situated in India; and

c. Land should be used for agricultural purposes.​

 

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