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Agricultural income

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 November 2009 If a person having agri. land within 8km of limits and agriincome from such lands is it still considered as agricultural income or not
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
25 November 2009 It will be considered as agricultural income only but the capital gains on trfansfer will not be exempt from tax
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
25 November 2009 agree
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
26 November 2009 yes its Agricultural income

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