The process employed by Mr. X to render the agricultural produce fit to be taken to the market is exempt u/s 10(1) as agricultural income if:
A. Mr. X was the cultivator.
B. Mr. X had given the land to Mr. Y on rent and Y who used the land for agricultural operations paid Mr. X, some amount in terms of money as rent.
C. Mr. X had given the land to Mr. Y on rent and Y who used the land for agricultural operations paid Mr. X, the cultivated crops as rent.
D. Either (a) or (c).
Answer:D
The process employed by Mr. X to render the agricultural produce fit to be taken to the market is exempt u/s 10(1) as agricultural income if:
A. Mr. X was the cultivator. B. Mr. X had given the land to Mr. Y on rent and Y who used the land for agricultural operations paid Mr. X, some amount in terms of money as rent. C. Mr. X had given the land to Mr. Y on rent and Y who used the land for agricultural operations paid Mr. X, the cultivated crops as rent. D. Either (a) or (c).