Agreeculture income or business income
This query is : Resolved
narayan jat
(Querist)
12 February 2019
A client works to sell green grass. He buys the green grass from his own farm and from other farmers. He sells green grass in cash to locals and Gaushala
My question is that this work will be taxable in the business income in the income tax or agriculture income.
Annual turnover of Rs 25 lakhs
My question is that this work will be taxable in the business income in the income tax or agriculture income.
Annual turnover of Rs 25 lakhs
Nilesh Gami
(Expert)
13 February 2019
it shall be business income in my opinion and your client does not involve in cultivation activities but doing trading of agricultural products.
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