Tax treatement of Agriculture income

[Guest]

Respected sir

Please tell me about provision under income tax of tax treatment of agriculture income of a company.

If a company fully of partially engaged in agriculture activities. then how tax will be calculate ?

and if it hold a agriculture land having ownership , is lease rent will be liable to tax or not ?

AI Summary

Agricultural income tax treatment: whether company agricultural receipts and land lease rent are taxable or exempt under income tax rules. Tax treatment of agricultural income for companies concerns classification of receipts from agricultural operations when a company is fully or partially engaged in such activities, methods for calculating taxable income where agricultural activities form part of corporate operations, and whether lease rent received by a company holding agricultural land is treated as exempt agricultural income or taxable under ordinary business or property income rules.