TAXATION OF AGRICULTURAL INCOME UNDER INDIAN LAW

AUTHOR – KAMALJOT KAUR, STUDENT AT LOVELY PROFESSIONAL UNIVERSITY

BEST CITATION – KAMALJOT KAUR, TAXATION OF AGRICULTURAL INCOME UNDER INDIAN LAW, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (11) OF 2025, PG. 817-821, APIS – 3920 – 0001 & ISSN – 2583-2344

Have you ever wondered why India frequently claims that agricultural income is “tax-free”? Are there unstated regulations and restrictions, or is it truly exempt from all taxes? Farmers, investors, landowners, and experts handling financial planning all need to grasp how agriculture fits into the tax system in a nation where it plays a significant role in the economy. This article will provide you with a clear and useful understanding of how agricultural INCOME is classified under the INCOME Tax Act, 1961. In this blog, we will dissect the idea of agricultural income under Indian INCOME tax law, 1961.

CONCEPT OF INCOME

The consistent flow of money that people or businesses receive on a daily, weekly, monthly, or annual basis is referred to as income. Both monetary wages and the worth of intangible benefits like allowances and perquisites are included. All types of income are liable to income tax unless they are expressly exempt.