agriculture income

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Guest

Guest (Querist)

01 August 2009 Rent from building, located in the vicinity of agriculture land, which is 60,000
assessed to land to revenue and the tenant, cultivating the agricultural
land, occupies it for his dwelling and storing purposes

ans :my point of view 60000 is agriculture income that mean it is totally exempt because building located in the vicinity of agriculture land and used by tenant for his dwelling and storing purposes. but i had seen in one question 60000 is treated as house property income that is wrong or right pls reply me

and pls see question no 2 with solution and pls explain me its to parts and tax lilablity
https://www.caclubindia.com/files/4_agriculture_income.pdf

Hiren Panchal

Hiren Panchal (Expert)
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01 August 2009 in my opinion this income is earned from business, the tenent is not doing farming on that land. Hence its not exempted income.

Ratan Sharma

Ratan Sharma (Expert)
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01 August 2009 Hi,
It is agriculture income and exempt from tax.

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Gokul

Gokul (Expert)
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01 August 2009 Can u clarify whether the property is located in rural or urban area?

Guest

Guest (Querist)

01 August 2009 but the tenant used as dwelling and storing purpose

Guest

Guest (Querist)

01 August 2009 land was located in a village of Jharkhand district

Guest

Guest (Querist)

01 August 2009 He has paid Rs 2000 as
local tax to the village panchayat in respect of the building. He also paid Rs 30,000 land revenue
to the Government on account of agriculture land.

Deepak Goel

Deepak Goel (Expert)
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02 August 2009 This is a income from business and this is taxable income

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Guest

Guest (Querist)

02 August 2009 mr deepak goel from my point of view this is other source of income pls open i had given and see question no 2 with solution
https://www.caclubindia.com/files/4_agriculture_income.pdf

Guest

Guest (Querist)

02 August 2009 in this question this is treated as income from house property
pls must me reply