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income from agricultural equipments on rent

20 August 2018

Providing service of agricultural equipments such as tractor, harvester etc. to farmer can be assume as Income from agriculture..
Which ITR to file and where to show this along with EI..

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4 Replies

rama krishnan (12234 Points)
Replied 20 August 2018

this is not agricultural income...

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Vaishali Jain (Currently working on improving my skills and capabilities) (2539 Points)
Replied 20 August 2018

No, providing services of agricultural equipment can not be treated as agricultural income
this will be treated like business income and hence taxable

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RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 20 August 2018

Yes... I agreed to above said Replies By Mr. Rama Krishnan and Mrs Vaishali Jain...

The above said equipments related activities can't be treated as Agriculture Income...
So,
No way for declare under agri income. Better to Show under PGBP...

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