Agriculture & India’s Income Tax : Part 1 – Meaning of “agricultural income”
The definition of “Agriculture Income” has been defined in “Section – 2 (1A), Income-tax Act, 1961-2015” .. this definition as per act is as follow, (1A) 1“agricultural income”2 means— (a) any rent or revenue derived from land which is situated in India and is used for agricultural purposes; (b) any income derived … Read more