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Agriculture

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(Querist)
30 January 2015 hi I have one doubt one of my client have 20 cow's and doing milk business (milk man) in home town they earned yearly more then 14 lakhs ( gross income)for selling milk and allied product and after deduct all expenses they earned 3 to 4 lakhs . my question is it's 'll come under agricultural business ???? plz clarity me for IT purpose
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CA NAVEEN SINGLA

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CA NAVEEN SINGLA (Expert)
31 January 2015 Income from Dairy Farming is not Agriculture Income as per Income Tax Act 1961.

All Income would be taxable.
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Rupesh Jain

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Rupesh Jain (Expert)
31 January 2015 no its not the agriculture income.
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