Question

income of salt produced by flooding the agricultural land is not agricultural income...its true or false

Answer 1

income which is not treated as Agricultural Income;
bee having
polutary farm
salt producing....
its true

Answer 2

It is true, that the income of salt produced by flooding the agricultural land is not agricultural income.

What is Agriculture income:-

Agriculture income is any income derived from the use of the rural or urban area. however, the land that should be used entirely for agricultural purposes is knowns as agricultural income.

Characteristics of Agriculture income:

• Agriculture income is defined under sec 2(1A) of the income tax act, this section provides the sources which will be treated as agriculture income and which are exempted from tax.

• Such as revenue from agricultural land situated in India used for agricultural purposes.

• Rent from the farmhouse situated on a farm used for agricultural purposes, etc.

Thus, the income of salt produced by flooding the agricultural land is not agricultural income because the primary purpose of using the land is to produce salt and not agricultural items.