Circular No. 4/2010 — Agricultural income — definition and scope
Date: 2010-01-01 Status: ACTIVE Category: Exemptions Binding on Department: Yes (Section 119 / Section 400 IT Act 2025)
Summary
Scope of agricultural income exempt under section 10(1). Covers agricultural operations, sale of produce, and rent from agricultural land.
Key Directions
- Agricultural income: rent from agricultural land, income from operations, sale of produce.
- Processing exempt only if no substantial change in character.
- Composite income computed under Rule 7/8.
Applicability Under IT Act 2025
Saving Clause: Section 536 of IT Act 2025 saves circulars issued under the 1961 Act “so far as not inconsistent” with the new Act.
| Old Section (1961 Act) | New Section (2025 Act) | Consistent? |
|---|---|---|
| 10(1) | 19 | Yes |
| 2(1A) | 2 | Yes |
Cross-References
Act Sections
- Section 10(1)
- Section 2(1A)
- Section 19
- Section 2
Related Circulars
- None identified
Key Case Law (Circular Supremacy)
- To be populated — cases where this circular was cited/applied
Full Text
Full text to be added — see raw/circulars/ for PDF when available
Source
- Official: incometaxindia.gov.in/circulars