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Agricultural Income Taxation

Latest Articles


Taxability of services associated with Agricultural Produce under GST Law

Goods and Services Tax : Article titled Taxability of services associated with Agricultural Produce under GST Law taking into account notifications, advanc...

April 8, 2024 10206 Views 0 comment Print

No Income Tax on Compulsory Acquisition of Rural Land

Income Tax : Explore how land acquisition for development projects like road widening impacts taxation for rural landowners under the Income Ta...

February 29, 2024 2277 Views 1 comment Print

Composite Income (Partly Agricultural and Partly Non-agricultural Income) of Company and Its Splitting-up under Rules 7, 7A, 7B and 8

Income Tax : Explore the intricacies of composite income in companies, its calculation, and tax implications under Rules 7, 7A, 7B, and 8 of th...

February 23, 2024 3441 Views 0 comment Print

Taxability of income earned from agricultural land situated in India

Income Tax : Explore the nuances of agricultural vs non-agricultural income, tax exemptions, and how understanding these distinctions can aid i...

February 10, 2024 3036 Views 0 comment Print

Understanding Agricultural Income: Tax Exemptions & Definitions

Income Tax : This detailed analysis provides insights into the concept of agricultural income and its exemptions under the Income Tax Act in In...

October 27, 2023 2769 Views 0 comment Print


Latest Judiciary


Deeming provision of 56(2)(x) cannot be invoked in case of Purchase of agricultural land

Income Tax : ITAT Delhi rules Section 56(2)(x) can't be invoked for agricultural land purchases, providing relief to taxpayers in similar situa...

June 24, 2024 744 Views 0 comment Print

AO Cannot Uniformly Apply 40% Expense Benchmark to Agricultural Revenue

Income Tax : Read the detailed analysis of Chaudhari Nanubhai Jeshingbhai (HUF) Vs DCIT case where the ITAT Ahmedabad ruled on reducing agricul...

June 11, 2024 528 Views 0 comment Print

Interest on Loan for Agricultural Land Not Allowable under Section 36(iii)

Income Tax : Read the full text of the judgment/order by the Kerala High Court in the case of Mini Muthoottu Credit India Vs CIT. Learn about t...

April 10, 2024 714 Views 0 comment Print

If Receipt Isn’t Taxable for Recipient, TDS Credit Can’t Be Denied: ITAT

Income Tax : Dhirajlal Savailal Shah Vs ITO (ITAT Ahmedabad) If the receipt is not liable to tax in the hands of the recipient for any reason, ...

March 15, 2024 540 Views 0 comment Print

Actual agricultural activity isn’t crucial in determining land as agricultural: Bombay HC

Income Tax : Learn from the Bombay High Court's judgment why actual agricultural activity isn't crucial in determining land as agricultural, im...

March 7, 2024 1338 Views 0 comment Print


Latest Posts in Agricultural Income Taxation

Deeming provision of 56(2)(x) cannot be invoked in case of Purchase of agricultural land

June 24, 2024 744 Views 0 comment Print

ITAT Delhi rules Section 56(2)(x) can’t be invoked for agricultural land purchases, providing relief to taxpayers in similar situations.

AO Cannot Uniformly Apply 40% Expense Benchmark to Agricultural Revenue

June 11, 2024 528 Views 0 comment Print

Read the detailed analysis of Chaudhari Nanubhai Jeshingbhai (HUF) Vs DCIT case where the ITAT Ahmedabad ruled on reducing agricultural income based on expenditure claimed by the assessee.

Interest on Loan for Agricultural Land Not Allowable under Section 36(iii)

April 10, 2024 714 Views 0 comment Print

Read the full text of the judgment/order by the Kerala High Court in the case of Mini Muthoottu Credit India Vs CIT. Learn about the court’s ruling on the deductibility of interest on loans for purchasing agricultural land.

Taxability of services associated with Agricultural Produce under GST Law

April 8, 2024 10206 Views 0 comment Print

Article titled Taxability of services associated with Agricultural Produce under GST Law taking into account notifications, advance rulings, and court orders concerning the same.

If Receipt Isn’t Taxable for Recipient, TDS Credit Can’t Be Denied: ITAT

March 15, 2024 540 Views 0 comment Print

Dhirajlal Savailal Shah Vs ITO (ITAT Ahmedabad) If the receipt is not liable to tax in the hands of the recipient for any reason, the same cannot be a ground for not granting credit for TDS.

Actual agricultural activity isn’t crucial in determining land as agricultural: Bombay HC

March 7, 2024 1338 Views 0 comment Print

Learn from the Bombay High Court’s judgment why actual agricultural activity isn’t crucial in determining land as agricultural, impacting tax liabilities.

Section 54B Exemption Valid for Pre Sale Deed Registration Land Investment: ITAT

March 1, 2024 1977 Views 0 comment Print

Sold agricultural land? Re-invest the proceeds in new land within 2 years to claim tax exemption under Section 54B. Even if the new land is registered in your son’s name, you may still qualify. Learn the details and avoid common mistakes with this informative guide.

No Income Tax on Compulsory Acquisition of Rural Land

February 29, 2024 2277 Views 1 comment Print

Explore how land acquisition for development projects like road widening impacts taxation for rural landowners under the Income Tax Act and RFCTLARR Act.

Composite Income (Partly Agricultural and Partly Non-agricultural Income) of Company and Its Splitting-up under Rules 7, 7A, 7B and 8

February 23, 2024 3441 Views 0 comment Print

Explore the intricacies of composite income in companies, its calculation, and tax implications under Rules 7, 7A, 7B, and 8 of the Income Tax Act.

Taxability of income earned from agricultural land situated in India

February 10, 2024 3036 Views 0 comment Print

Explore the nuances of agricultural vs non-agricultural income, tax exemptions, and how understanding these distinctions can aid in effective tax planning.

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