agriculture income

umashanker goenka (Finance Manager) (73 Points)

06 November 2008  

can any clear the blow mention situatuins relation to agri income.

1. 'X' has agricultural land situated in india he give the same land to 'Y' on rent for agriculture purpose.'y' does all the basic and Subsequent operation and sells in the market.
hence can 'X'(for Rent) and 'Y" (for income) both claim their income as agriculture income.

2. 'Z' works in the land of 'X' under 'y' on wages and involve in agricutural activity, wages what he received is exceed the exemption limit. Can 'Z' is also claim his wages as agriculture income.