Yadav leased his agricultural land in Meerut to Kailash. There is one dwelling house and storehouse in the immediate vicinity of the land. He received lease rent for land ₹50,000. He also received ₹12,000 as rent for dwe
CS Executive · Tax Laws and Practice · PYQS · December 2019
Yadav leased his agricultural land in Meerut to Kailash. There is one dwelling house and storehouse in the immediate vicinity of the land. He received lease rent for land ₹50,000. He also received ₹12,000 as rent for dwelling house occupied by the tenant/cultivator and ₹18,000 as rent for the store house. The amount of income to be treated as agricultural income would be:
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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