Deemed income from house property - farm house - whether land ...

Income Tax

September 6, 2022

Deemed income from house property - farm house - whether land was used for the agriculture/horticulture business and hence, it shall be treated as an exempted income u/s 10(1)? - It is not the case that the assessee has carried out agricultural activity and for earning income from agriculture some expenses have been incurred rather situation is inverse. The expenses incurred are much higher and does not match with the agricultural activity. - Additions confirmed - AT

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Deemed income from house property - farm house - whether land ...

Income Tax

September 6, 2022

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