![]() An example would be fees received for renewal of grant of land on lease. The scope of the possible sources of income that can be derived from land is many. ![]() Rent is the amount received to grant the right to use the land. Rent or revenue earned from agricultural land situated in India: The Income-tax Act has its own definition of agricultural income which constitutes the following 3 main activities: Let us take a look at the provisions of the law in this regard. It may seem like the fact of exemption to income tax is all that we need to know when it comes to the taxation of agricultural income but there is more to it. The government has numerous amount of schemes, policies and other measures to promote growth in this sector – one of them being an exemption from income tax. The country as a whole is entirely dependent on agriculture for its basic food requirements. It is usually the only source of income for the large rural population in India. ITR U – What is ITR-U Form and How to File ITR-UĪgriculture is said to be the primary occupation in India.Income Tax Raid, Search and Seizure – What, When, How.UAN Login, Portal Registration, Universal Account Number Activation & Status Check.Which ITR Should I File? Types of ITR Forms for FY 2021-22, AY 2022-23 – All ITR Forms.How to file ITR Online – Step by Step Guide to Efile Income Tax Return, FY 2021-22 (AY 2022-23). ![]() Budget 2023: Full List of Cheaper and Costlier Items.Budget 2022 Highlights: PDF Download, Key Takeaways, Important Points.Budget 2023 Expectations For Income Tax: 80C & 80D Limit Increase, Tax Slab Changes For Salaried Employees.Budget 2023 Highlights: PDF Download, Key Takeaways, Important Points.Which Is Better: Old vs New Tax Regime For Salaried Employees?. ![]()
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