Is Income derived from coffee estate treated as agricultural or non-agricultural income ?
Coffee is grown and not cured.
(with reference to Rule 7A)
By,
Manoj
Menu
Income from Coffee estate
Replies (1)
No, it is entirely agricultural income
Rule 7B covers coffee grown and cured, and coffee grown and cured grounded and roasted... Subsequent operations to growing should be considered.
Decision in Belgachi Tea co ltd (2008) says that where green tea is sold without curing, same is agricultural income.
Same logic applies to me here, it is entirely agricultural income tax free.
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
