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.
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
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- FORM 26A APPLICABILITY
- Value of property in capital gain
- Copyright software
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- 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
