Animal breading and milk production
This query is : Resolved
Hardik Sutariya
(Querist)
06 July 2012
Hello Friends, I want to know that how i file the return of income from animal breading and milk production, is it taxable income? and how we treat it in income tax return and in which business head. Its all regarding main producer(farmer)
CA Sripal Jain
(Expert)
06 July 2012
taxable under business income
CA Sripal Jain
(Expert)
06 July 2012
if the cattle are pastured on land say ,how is mil produced is very importnt,so depnding upon the facts one can treat as agricultural income
refer case law
Commissioner Of Income Tax, ... vs R. Venkataswamy Naidu on 17 February, 1956
refer case law
Commissioner Of Income Tax, ... vs R. Venkataswamy Naidu on 17 February, 1956
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