AGRICULTURAL INCOME UNDER THE INCOME TAX ACT, 1961: AN IN-DEPTH ANALYSIS
Under Section 2(1A) of the Income Tax Act, 1961, the term “agricultural income” is defined as:Income derived from land which is situated in India and is used for agricultural purposes.
Income derived from agricultural operations on the land, such as tilling, sowing, and harvesting.
Income derived from the sale of agricultural produce.