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.
Menu
Agri income
Replies (1)
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
Recent Topic
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
- What would be my Salary
- Damage good
- INCOME TAX RETURN
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
Related Topics
CAclubindia
