Tax treatment of loss of crop

[Asked by Guest]

Hi,

I own some agriculture land and made heavy loss this year. Is there any provision in income tax law of india to exempt this losses from salaried income?

Best,

Anji

AI Summary

Agricultural income exemption prevents set-off of agricultural losses against salaried income under income tax rules, practitioners note.
Agricultural income is exempt and losses from agricultural operations are not available for set off against taxable heads such as salary; agricultural deficits are treated outside the loss set off framework and therefore do not reduce taxable salary income.