AGRICTURAL INCOME

Presented To :- Saurabh Chauresya

Presented By :- Vandana Rawat
BCOM (CA) 2nd year
SYNOPSIS

 Introduction ; Agricultural income

 Kinds
 Non agriculture incomes from land
 Partly agriculture income
 Partly non - agriculture income
Agricultural Income
(a) Any rent or revenue derived from land which is
situated in India and is used for agricultural purposes.
[Sec. 2(1A)(a)]
(b) Any income derived from such land by agriculture
operations including processing of agricultural produce
to render it fit for the market or sale of such produce.
[Sec. 2(1A)(b)]
(c) Any income from a farmhouse. [sec. 2(1A)(c)]
KINDS OF AGRICULTURAL INCOME

 Rent or revenue derived from land.

 Income from agricultural
operations.
 Income from making the produce
fit for the market.
 Income from the sale of produce.
 Income from the farm house.
 Income from saplings or seeedlings.
NON-AGRICULTURE INCOMES FROM LAND

I. Income from markets II

II. Income from stone quarries
III. Income from mining royalties
IV. Income from land used for storing agricultural
produce
V. Income from the supply of water for irrigation
purposes from tube-well or well
VI. Income from self –grown grass ,trees or bamboos
VII. Income from fisheries VIII. Income from the sale of
the earth for brick-making
VIII. Remuneration received as manager of an agricultural
farm
IX. Dividend from a company engaged in agriculture
X. Income of the buyer of a ripe crop
XI. Income from dairy farming ,poultry farming ,etc.
XII. Income from interest on arrears of rent of
agricultural land