Remuneration of variable % based on produce received by a managing agent from company earning agricultural income.
Is the above income agricultural or non agricultural income?
Commission is non agricultural income.
4 Replies
Prajjwal Kaushik
(Finance Professional)
(6216 Points)
Replied 04 January 2018
The commission is not covered by the definition of agricultural income given under section 2(1A). Therefore, the same shall be taxable as Non-Agricultural Income.
Avinash Pandey
(student)
(24 Points)
Replied 26 January 2018
is the Agriculture income earned by the limited company or a partnership firm taxable or exempt?
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