poultry income

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Querist : Anonymous

Querist : Anonymous (Querist)

26 May 2010 can v assumepoultry income it as an agricultural income

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

26 May 2010 NO

Querist : Anonymous

Querist : Anonymous (Querist)

26 May 2010 thnq sir

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)

26 May 2010 Certain income which is treated as Agriculture Income;
(a) Income from sale of replanted trees.
(b) Rent received for agricultural land.
(c) Income from growing flowers and creepers.
(d) Share of profit of a partner from a firm engaged in agricultural operations.
(e) Interest on capital received by a partner from a firm engaged in agricultural operations.
(f) Income derived from sale of seeds.
Certain income which is not treated as Agricultural Income;
(a) Income from poultry farming.
(b) Income from bee hiving.
(c) Income from sale of spontaneously grown trees.
(d) Income from dairy farming.
(e) Purchase of standing crop.
(f) Dividend paid by a company out of its agriculture income.
(g) Income of salt produced by flooding the land with sea water.
(h) Royalty income from mines.
(i) Income from butter and cheese making.
(j) Receipts from TV serial shooting in farm house is not agriculture income.