agriculture income

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swati

swati (Querist)
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22 November 2008 whether nursery income is treated as agriculture income (Yes or No)& why ?

Ravikumar.G

Ravikumar.G (Expert)
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22 November 2008 Yes. Soundarya Nursery 241 ITR 530 (mad.) - Income from sale of plants and seedings grown in pots.

swati

swati (Querist)
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25 November 2008 whether nursery income is treated as agriculture income (Yes or No)& why ? Please Explain .

Zeeshan

Zeeshan (Expert)
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27 November 2008 SWATI............
NURSERY INCOME WILL BE TREATED AS AGRICULTURE INCOME BECAUSE IN A FAMOUS CASE LAW OF "Soundarya Nursery 241 ITR 530 (mad.)" MADRAS HIGHCOURT HELD THAT THE INCOME FROM SALE OF PLANTS AND SEEDINGS GROWN IN POTS IS AN AGRICULTURAL INCOME.
NOW WHICH KIND OF EXPLANATION YOU WANT?

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