Market value determination of agricultural produce: expenses, land rent and reasonable AO assessed profit define valuation. Where agricultural produce has no market in raw form or after ordinary marketing processes, market value is the aggregate of expenses of cultivation, land ... Summary
Market value determination of agricultural produce: expenses, land rent and reasonable AO assessed profit define valuation.
Where agricultural produce has no market in raw form or after ordinary marketing processes, market value is the aggregate of expenses of cultivation, land revenue or rent paid for the area in which it was grown, and such amount of profits as the Assessing Officer may find reasonable having regard to the circumstances.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
