Sale of safeda tree is taxable or exempted?
This query is : Resolved
Loveleen Sharma
(Querist)
30 July 2012
Is the sale of safeda tree from agriculture land is exempted or not??? give reasons....
Amol S Joglekar
(Expert)
30 July 2012
Any processing to make it marketable will always make it taxable.
Loveleen Sharma
(Querist)
31 July 2012
Sir, Please explain if the assessee sell its safeda tree from its agriculture land it is his agriculture income or not????????
CA PARAS BAFNA
(Expert)
31 July 2012
Safeda Tree itself can not be said as an agriculture produce as the necessary agriculture operations are not required to maintain and growing it up. It spontaneously
grows up. So, in my view the income derived from Sale of Tree is taxable.
.
grows up. So, in my view the income derived from Sale of Tree is taxable.
.
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