Ageeculture income
This query is : Resolved
23 June 2012
a land with jasmine plant is taken on lease and during lease period all the activities of watering fertilization plucking and also selling are done by the person who has taken land on lease. but it is important to note that the land together with jasmine plant was taken on lease. please clarify whether the income from above activities is agriculture income or non agriculture income . it comes under which head of income and please clarify via case law
24 June 2012
The income will be treated as Agricultural Income not liable to tax as held by the Supreme Court in Binoy Kumar Sahas Roy case.
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