Easy Office
LCI Learning

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.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries