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Renting of Agriculture Land

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(Querist)
14 September 2020 One of our party has given is agriculture land on rental basis for which the tenant pays Rs 5 Lacs a year. He is sowing crop and selling it in market. Will the rent received be exempt from tax as agriculture income or not.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
14 September 2020 Rent received from agricultural land used for agricultural purpose is treated as agricultural income.

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