Coffee grown and sold as such without any process.
Whether it is fully agricultural income or only 75% is agri income.
Similarly Pepper grown as inter crop for coffee, income from sale of pepper is agri or not.
S.P.Ananda Raajah (.) (73 Points)
26 June 2012Coffee grown and sold as such without any process.
Whether it is fully agricultural income or only 75% is agri income.
Similarly Pepper grown as inter crop for coffee, income from sale of pepper is agri or not.
divva
(Industrial Trainee @ Ashok Leyland)
(348 Points)
Replied 26 June 2012
Coffee grown & Cured - 75% is deemed agricultural Income,
If coffee is Further processed (ie) roasted & Grounded - 60% wil be deemed agricultral Income.
Balance is taxable Income
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