Agricultural Income of ₹2,50,000 earned by Ms. Divita, a non resident from land in Barmer in Rajasthan.
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2017
Agricultural Income of ₹2,50,000 earned by Ms. Divita, a non resident from land in Barmer in Rajasthan.
Answer & Explanation:
Agriculture Income from land situated in India is exempt under section 10(1) both in case of resident as well as non-residents. Therefore, agriculture income of ₹2,50,000 from agriculture land situated in Barmer in Rajasthan would be exempt in the hands of Ms. Divita, a non-resident.
Topics: Income Tax Act, 1961
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