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Animal breading and milk production

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(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)
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CA Sripal Jain

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CA Sripal Jain (Expert)
06 July 2012 taxable under business income
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CA Sripal Jain

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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
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