https://www.taxtmi.com/highlights?id=41779 A land premium is nothing but a revenue receipt in the form of advance rent which has loosely been named as land premium. Since the assessee is showing annual rent on account of such leasing of the plots, there is no reason why the advance rent received should be taxed accordingly. en-us Mon, 01 Oct 2018 13:45:43 +0530 Mon, 01 Oct 2018 13:45:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=41779 A land premium is nothing but a revenue receipt in the form of advance rent which has loosely been named as land premium. Since the assessee is showing annual rent on account of such leasing of the plots, there is no reason why the advance rent received should be taxed accordingly. Highlights Income Tax Mon, 01 Oct 2018 13:45:43 +0530 https://www.taxtmi.com/highlights?id=41779