HELLO FRIENDS, MY CLIENT HAS RECEIVED A CERTIFICATE FROM THE SOCIETY THAT HE HAS SUPPLIED MILK OF RS. 150000
NOW WHETHER THIS IS HIS INCOME OR WE HAVE TO DEDUCT THE EXPENDITURE AND NET INCOME TO BE SHOWN .
PLS TELL ME.
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INCOME FROM DAIRY FARMING
Replies (2)
Sir, supply of milk is only sales.
Net off the expenses to get income..
yes it is taxable under head PBGP prepare Balance sheet and claim all expenses attributable to it
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