Different types of Agricultural Income

Last updated at Dec. 13, 2024 by

Agriculture Income

This Income is Exempt from Income tax under Section 10(1)

 

Definition of Agricultural Income

Agricultural income is defined under section 2(1A) of the Income-tax Act.

As per this section, agricultural income generally means:

  1. Rent or Revenue Derived from land
  2. Income from Agriculture Operations
  3. Income from Farm House/Building Attached to Agricultural Land

  Different types of Agricultural Income- Definition as per Income Tax - What is Agricultural Income

 

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CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.