Income Tax and Law UNIT-1 Part3
Income Tax and Law UNIT-1 Part3
Income Tax and Law UNIT-1 Part3
Total Income
Educational scholarships
Other subsidies
Agricultural income may arise in any one of the following three ways:
1) Rent or revenue derived from land situated in India and used for agricultural
purposes
2) Income derived from such land through agriculture or process ordinarily employed
to render the produce fit to be taken to the market or sale of such agricultural
produce in the market
3) Income derived from any farm building required for agricultural operations
Rent or revenue derived from land situated in India and used for
agricultural purposes
• Rent received from land used for grazing of cattle required for agricultural
activities