Agriculture income?

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student
115 Points Posted on 24 September 2023
Is trading of agriculture seeds are taxable in income tax?
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On 24 September 2023 at 13:37 Report
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Quick Summary
This discussion clarifies the taxability of income from trading agriculture seeds. Generally, income from seeds sold in their natural state is considered agricultural income and is not taxable. However, if the seeds are processed and branded before sale, the income is treated as business income and will be subject to income tax.

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"Do the Right Thing...!!!"
128157 Points Posted on 24 September 2023
Yes, Definitely.
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On 24 September 2023 at 14:38
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Profession
28271 Points Posted on 25 September 2023
Subject to certain conditions
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On 25 September 2023 at 07:41
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CA ipcc
449 Points Posted on 25 September 2023
This guy..why can't you be direct mr.mukjarjee. if it's processed and branded it's business income, if it is sold as it is it's agri income.
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On 25 September 2023 at 22:05

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