hello, I am government Service, my net income is 5 to 6 lac.
i have an agricultural land, and will plant bamboo in that land after 2 years. I'll approximately earn 2 to 4 lakhs per annum by selling bamboo after 4 years. will that income be tax free ? I'll be paying 25k per year for maintenance of my farm land and security. will I get exemption on this 25k and any other expenses on my farm land ?