Poultry farming

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m.v.s.kirankumar

m.v.s.kirankumar (Querist)

29 February 2016 sir

i am kirankumar i had a doubt relating to poultry farming,

1.what are the income tax exemptions relating to poultry farming?
2.whether the income earned from poultry farming is taxable or not ?
3.is there any slab availble for no tax for turnover made on poultry farming?
4.whether the income of poultry farm is fall under agriculture income?
5.finally please provide link for poultry rules as per income tax act?

be pleased to consider

thanking you

Amol S Joglekar

Amol S Joglekar (Expert)

29 February 2016 It is taxable income. All the sections as are normally applicable are equally applicable to poultry industry.

m.v.s.kirankumar

m.v.s.kirankumar (Querist)

29 February 2016 please send the link relating to rules of poultry farming as per income tax act
and any other acts are applicable for this business like vat act, , service tax etc.

Amol S Joglekar

Amol S Joglekar (Expert)

01 March 2016 VAT is applicable as per the respective State. Which state you are from?
Service tax is NOT applicable.
https://www.simplifiedlaws.com/what-constitutes-agricultural-income/
https://www.caclubindia.com/articles/tax-treatment-of-agricultural-income-18702.asp

m.v.s.kirankumar

m.v.s.kirankumar (Querist)

01 March 2016 thank u sir
i am from state of andhrapradesh

Amol S Joglekar

Amol S Joglekar (Expert)

02 March 2016 Ok. You are most welcome. Do write if you have any other query.

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