Agricultural income of agricultural land lease rent
This query is : Resolved
15 July 2015
Respected Sir,
Canal Construction Company in lieu of using agricultural land lease rent has been paid Rs 16 lakh
Of which 10% TDS (under Section 1 9 4 Ib) is clipped
According to the written contract between the company and the farmer, the amount of damage agricultural crops are damages
The farmer wants to refund the amounts received by telling Agricultural income
Please give guidance
How to be filled Income Tax returns
What will refund the full amount or pay the tax according to 30% salb
15 July 2015
Kindly clarify it is a lease rent for using it for canal construction or a compensation payment for damaging the standing crops.
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