Tax benifit
This query is : Resolved
06 February 2016
Dear Members,
Please inform me what are the tax benefit available to a farming house engaged in production of milk .For example if a company engaged in the business like AMUL business.
Is it a agriculture business ?
Thanking You
Please inform me what are the tax benefit available to a farming house engaged in production of milk .For example if a company engaged in the business like AMUL business.
Is it a agriculture business ?
Thanking You
07 February 2016
The income from the sale of milk is not 'agricultural income' within the meaning of the Income-tax Act.
Since, you specified it is farming house, it depends on how the cow / buffalo are fed i.e. through a commercial feed or animals grazing on the pasture land; Read the interesting link below:
http://indiankanoon.org/doc/972395/
Since, you specified it is farming house, it depends on how the cow / buffalo are fed i.e. through a commercial feed or animals grazing on the pasture land; Read the interesting link below:
http://indiankanoon.org/doc/972395/
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- FORM 26A APPLICABILITY
- Annual return in Gst
- When TDS on GST applied
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
