sir , incom from farmhouse is exempt from tax. if we given it on rent then what is the tax treatment.
sir , incom from farmhouse is exempt from tax. if we given it on rent then what is the tax treatment.
Dear Sajay,
Income from farm house is exempt if conditions specified in sec.2(1A) is fulfilled.In the given section, it is given as ANY INCOME. so definitely rent is also exempt, if satisfies all the conditions
yes...income from farmhouse of any type be rent is exepmted u/s 2 (ia)(c) if the conditions are satisfied
CAclubindia
