exempt income

do u mean for the poultry itself

be more specific

it is exempt

Mr.Yash Sharma, Ms.Swajitha, Mrs.Sriram and Mr.Mukund

At present no exemptions are available under income-tax act profits and gains from business of  poultyr farming.  Earlier exemption was available u/s sec. 80JJ.  The said section was omitted with effect from 1-4-1998 by Finance Act, 1997.

Best Wishes

Sathikonda

Dear all

As the stock includes live stock the valuation is somewat different for valuation of layers (birds laying eggs), and cull birds (birds which cannot lay eggs - aged birds).  The valuation of layers depend on their age and the cost of food that was consumed upto the valuation date.  The valuation of cull birds depend on the valuation of the particular birds and the expected realization of money on sale of the cull bird.  Regarding vlaution of food materials and other inventories as usual.

Best Wishes

Sathikonda

Originally posted by : sathikonda anumanchipalli
	Mr.Yash Sharma, Ms.Swajitha, Mrs.Sriram and Mr.Mukund At present no exemptions are available under income-tax act profits and gains from business of poultyr farming. Earlier exemption was available u/s sec. 80JJ. The said section was omitted with effect from 1-4-1998 by Finance Act, 1997. Best Wishes Sathikonda

100% AGREE WID SATHIKONDA JI...

Dear All

Thank you

Best Wishes

Sathikonda