Is the lease rent taxable under Sec. 23(2)?

Agriculture land given on lease. Would the lease rent be adopted for’aggregate turnover’ computation? Is the lease rent taxable? Sec. 23(2) gives exemption to an agriculturist doing cultivation only. So asking.

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2 Answer(s)

Exemption available only for cultivation doing own or hiring of labour not in any other situation.

Answered on June 5, 2017.
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Isn’t it Too much.

Answered on June 5, 2017.
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Your Answer

Gen GST