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Aggricultural income

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(Querist)
09 July 2013 The assessee received lease from agricultural paddy land of Rs.1,00,000/-. Can i take this amount as agricultural income.
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Anand Modi

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Anand Modi (Expert)
09 July 2013 yes it can be taken as agriculture income
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
09 July 2013 If the lessee is using the land for 'agricultural purposes', then the lease rent will be agricultural income in the hands of the lessor.
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