Exemption claiming on Agriculture Income on Lease Agriculture Land

[PRIYAM KHAMBHATA]

Respected Sir

Mr. A  is  Agriculturist and he is doing Agriculture Activity on Lease agriculture land. Mr. A  is paid Lease Rent to Land owners and also incurred huge Agricultural Expenses. In this situation Mr. A  will going to claim Exemption of Net  Agriculture Income for the year under consideration.  Mr. A  is earned handsome Agriculture Income. Please note that major income is Agriculture Income out of Total income.

Please guide me on above situation. 

Thanks 

AI Summary

Agricultural income exemption on leased land: eligibility depends on treatment of lease rent, expenses, and proof of cultivation. Whether agricultural income exemption applies where an agriculturist cultivates leased land, pays lease rent and incurs agricultural expenses, focusing on eligibility of net agricultural receipts for exemption, treatment of lease rent and cultivation expenses in computing net agricultural income, and documentary proof of lease and agricultural activity.