CA Intermediate Taxation by CA.

Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

Sec .
2 ( A)
I

derived land
Rent or Revenue
from
India
situated in ,
used
for agri purposes
.

land
Income
from agri
-

•
Agriculture
employed ) to make the
• such
process
I
ordinarily
marketable
produce processing no

Sole of agri produce = such

processing
• .

Income from farm building Rest Receiver

Cultivator
•

occupied buy land

or

On I in vicinity of Agri
.

used in
with
connection Agriculture
TI akes
f Muni tool )
•

should be paid
@
.

Roles
or
loaded Ols urban area
 CA Intermediate Taxation by CA. Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

Income ?
Whether Agri .

I ,
) Agri .

land used
for NO
other
purposes

( z ) gain on sale of no
land
Agri
-

I
(3) Income from sapling
YES
seedling in a
grown

nursery
(a) Trading of sapling NO
 CA Intermediate Taxation by CA. Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

- Ikr
,
-
'
Ékn
10,000
-
IL
IL -

10L

km
i

> 10L
 CA Intermediate Taxation by CA. Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

(Indi ,
HUF AOP BOI
, ,
,
ATP )

5,000
If
>
I
Agri .

Income

2 Total income (end Agri .

. Income ) > BEL

Then TAX A
step step B
= -

A 7am on @td home 1-

Agri . Income )
B Tax on ( BEL t
Agri Income
)