The farmer is growing a aromatic plants in leased field and producing oil from distillation process through a distilled plant which is fitted in agricultural land.
1.The selling of this oil is agricultural income or not?
2. What are consequences regarding the above process in income tax act?
3. Whether herequires GST registration?
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Agricultural income or not?
Replies (1)
It has involved both business and agricultural activities, so income will be seggregated between agri and busi income
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