Taxability of income from poultry
This query is : Resolved
25 April 2022
A client is having cows and selling milk procured from them. Can the experts kindly tell the taxability of this income...
25 April 2022
Income from producing milk from cows/buffalo & selling it in any manner-raw milk or value added products is Taxable under IT act.
25 April 2022
Thank you for your reply sir. Will it not come under agriculture? Is it fully taxable?
25 April 2022
No. it will not be agricultural income.
Only in case of individuals having agricultural land and as such activity over it, including milk of kettle depending on the agriculture land, it is usually clubbed in it.
Only in case of individuals having agricultural land and as such activity over it, including milk of kettle depending on the agriculture land, it is usually clubbed in it.
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