Agricultural income: sale of produce by cultivator or rent in kind recipient qualifies if only ordinary processing occurred. Section 2(1A)(b)(iii) treats as agricultural income any receipts to the cultivator or recipient of rent in kind from sale of produce of land in India used ... Summary
Agricultural income: sale of produce by cultivator or rent in kind recipient qualifies if only ordinary processing occurred.
Section 2(1A)(b)(iii) treats as agricultural income any receipts to the cultivator or recipient of rent in kind from sale of produce of land in India used for agricultural purposes, provided the produce has not been subjected to any process beyond those ordinarily employed to render it fit for sale.
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