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Agriculture income

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(Querist)
14 December 2016 HI,
IF A PERSON HAS INCOME FROM SALE OF SAPLINGS WHICH HE BUY FROM OTHER NURSERY AND SALE IT AT ITS OWN PLACE.IS IT A AGRICULTURE INCOME.
THANKU SO MUCH
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
15 December 2016 Income derived from sale of saplings considered as agriculture income exempt from tax u/s 10(1)
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
15 December 2016 It is agricultural income vide explanation 3 to section 2(1A).
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