Agricultural Income
This query is : Resolved
22 February 2011
A farmer keeps his produce in a cold storage so that he can get better price after few months. Whether this increased income can also be claimed as agricultural income.
Guest
Guest
(Expert)
22 February 2011
Yes, it is agriculture income.
Message likes :
1 times
08 October 2021
It is sold at his discretion, but the goods sold were produced in his field, so it will be agricultural income.
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