Agricultural income means :-
- any rent or revenue derived by a person from land which is situated in Pakistan and is used for agricultural purposes;
- any income derived by a person from land situated in Pakistan from
- agriculture
- the performance by a cultivator or receiver of rent-in-kind of any process ordinarily employed by such person to render the produce raised or received by the person fit to be taken to market; or
- the sale by a cultivator or receiver of rent-in-kind of the produce raised or received by such person, in respect of which no process has been performed other than a process of the nature described in (b) above ;
DISCLAIMER This is for general information purposes only. Always refer to the exact laws / statutes for correct definitions.