In agriculture income the term CULTIVATOR OR RECIEVER OF RENT IN KIND is too oftenly used...
what is the meaning of this...?
4 Replies
Rachit
(Ca-Final Article.)
(565 Points)
Replied 15 April 2011
i dint got your point exactly but
if you are asking about cultivator OR RENT IN KIND .......................
THEN SAME ALSO FALL IN INCOME AS Agriculture income..........
Sub to condition that the rent is received by the person for providing land for agriculture purpose only..................
Karan Teli
(Life Is just an Illusion...!!)
(4573 Points)
Replied 15 April 2011
cultivator is the person who has produced the crops
and
reciever of rent in kind means...??
"Sub to condition that the rent is received by the person for providing land for agriculture purpose only.................." - Is cheez ka kya matlab he bhai.....
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 15 April 2011
rent in kind = rent in form of equivalant value of crops share from cultivation
this distinguish the agricultural land from non agro lands,
if the agro land is used for film shooting and rent is received by the agro land owner, then its not agricultural income,
Karan Teli
(Life Is just an Illusion...!!)
(4573 Points)
Replied 15 April 2011
thank u sharma jee....
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