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Income Tax - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Lease income derived from the agricultural land - "income from ...

Case Laws     Income Tax

September 25, 2020

Lease income derived from the agricultural land - "income from other source" OR “agricultural income” which is exempt from tax u/s.10(1) - unless there is some measure of cultivation of land and some skilled labour is performed on the land for cultivation, the land cannot be said to have been used for agricultural purposes. - AT

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