banner_ad

Agriculture income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 April 2014 one of my client doing the business of selling fertilizer and cattle feed.will thia income come under the agriculture income or not ?

thanks in advance
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
15 April 2014 No. The income can be taxed as the same is business income.
Profile Image

Aashish Kabra

Profile Image

Aashish Kabra (Expert)
16 April 2014 No.
Agriculture Income Definition - any income rent, revenue directly from land(agri land) (or building on such land used in purpose for cultivation but building should be on land or in immediate vicinity) situated in india & used for agriculture & used by owner or his parents for agriculture or by the person paying rent (i.e, rent to be paid from income generated through cultivating land).

Where As - Selling of Fertilizers & cattel feed is pure trading activity, ofcourse related & helpful for agriculture but is not used but is sold. It comes in Business activity taxable.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
16 April 2014 fertilizer and cattle feed is trading business
income will taxable as business income .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details