Rashid's Blog: A Place for Inquisitive Souls

• Income from sale of replanted trees.
• Rent received for agricultural land.
• Income from growing flowers and creepers.
• Share of profit of a partner from a firm engaged in agricultural operations.
• Interest on capital received by a partner from a firm engaged in agricultural operations.
• Income derived from sale of seeds.

Certain income which is not treated as Agricultural Income

• Income from poultery farming.
• Income from bee hiving.
• Income from sale of  spontaneously grown trees.
• Income from dairy farming.
• Purchase of standing crop.
• Dividend paid by a company out of its agriculture income.
• Income of salt produced by flooding the land with sea water.
• Royalty income from mines.
• Income from butter and cheese making.
• Receipts from TV serial shooting in farm house is not agriculture income.

When you have more than Rs 5,000 from Agri income and Rs 2L(most of us) or 2.5L(above…

I recently spoke with a UK start-up that is doing away with GPS coordinates even though their company focuses on geographic information and maps. The start-up, What3Words, has divided the globe into 57 trillion squares and given each of these 3-by-3 meter areas a unique three-word code. Goodbye long postal addresses and cryptic GPS coordinates. Hello planet.inches.most. The start-up also offers a service called OneWord, which allows you to customize a one-word name for any square. In addition, the company has expanded to other languages such as Spanish, Swedish and Russian. They’re now working on including Arabic, Chinese, Japanese and others by mid-January 2014. Meanwhile, their API lets anyone build new applications that tap their global map of 57 trillion squares.

When I spoke with CEO Chris Sheldrick, he noted that their very first users were emergency response organizations. One group in Australia, for example, is using What3Words…