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Ragarding khair tree
Sir my query is that I have sold my khair tree to some person sir I am an agriculturust. The income of khair tree is exempt from income tax
Replies (1)
There are many aspects to this question and it is whether agriculture income or not it depends on factors like:
1. Have you planned them or it has been grown spontaneously??
2. Was it just one time sale or is it your regular activity??
3. How much is the amount of sale?
But as per my opinion, in practical life the Assessing Officers are very much lenient regarding the agriculture income and agriculturist as well. If the Income is not VERY BIG you just simply show it As agriculture income.
1. Have you planned them or it has been grown spontaneously??
2. Was it just one time sale or is it your regular activity??
3. How much is the amount of sale?
But as per my opinion, in practical life the Assessing Officers are very much lenient regarding the agriculture income and agriculturist as well. If the Income is not VERY BIG you just simply show it As agriculture income.
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