A resident individual earns income from agricultural land situated in Nepal. Under the Income-tax Act,…
Section 2(5) confines the relevant land-based definition to land "situated in India". Nepalese agricultural receipts do not qualify for that exclusion merely because Nepal…
Choose your answer
A resident individual earns income from agricultural land situated in Nepal. Under the Income-tax Act, 2025, this income is
Answer and explanation
Correct answer B
Section 2(5) confines the relevant land-based definition to land "situated in India". Nepalese agricultural receipts do not qualify for that exclusion merely because Nepal taxes them; their Indian taxability depends on the separate scope rules in section 5.
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