Poultry firm
This query is : Resolved
06 September 2018
Dear , My friend have poultry firm of hen and pig. He sell these animals in market.
Under what head to be shown in balancesheet these animals.
Secondly whch business code to select in ITR.
And whether it is busines or agriculture income
Under what head to be shown in balancesheet these animals.
Secondly whch business code to select in ITR.
And whether it is busines or agriculture income
CA R SEETHARAMAN
(Expert)
06 September 2018
Show it in balance sheet under live stock head.
01009 Rearing of animals and production of animal products.
It's business income not agricultural income.
01009 Rearing of animals and production of animal products.
It's business income not agricultural income.
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CA R SEETHARAMAN
(Expert)
07 September 2018
Live stock can't be shown but their expenses can be shown.
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