Agricultural Income: A Comparative Analysis of the 1961 and 2025 Income-tax Acts:
Agricultural Income: A Comparative Analysis of the 1961 and 2025 Income-tax Acts: Both the Income-tax Act, 1961 (old law) and the Income-tax Act, 2025 (new law, effective 1 April 2026) define agricultural income in Section 2(1A) (1961 Act) and Section 2(5) (2025 Act) respectively. 1961 Act (Sec. 2(1A)) Agricultural income means – Rent or revenue […]
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