Warehouse inagriculture land

jvratnam (Others) (109 Points)

01 March 2017

IS THE RENT RECEIVED FROMA WARE HOUSE CONSTRUCTED IN AGRICULTURE LAND CAN BE TREATED AS AGRICULTURE INCOME

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3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (170601 Points)
Replied 01 March 2017

Unless used along with land for agricultural activity, its treated as Income from House Property or business income, as the case may be.

jvratnam (Others) (109 Points)
Replied 02 March 2017

Thank you.

Will you please give the relevant section on exemption of income from godown in agricultural lands.?

what are the documnetation required from the tenant for claiming exemption..

the godown is constructed in agriculural lands and is proposed to be given for ware housing to a rice miller who will be storing paddy.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (170601 Points)
Replied 02 March 2017

"the godown is constructed in agriculural lands and is proposed to be given for ware housing to a rice miller who will be storing paddy."

As it is to be rented to a rice miller, the rental income will not be tax-exempt.

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