Reselling of live plants

Tax planning 264 views 2 replies

Is the reselling of live plants and pots purchased from nursery through online or offline mode taxable?

Whether Income tax is leviable on such income.

What about Gst?

And what are the means to save tax.

Please guide me..

 

Replies (2)

Yes, it will be taxable under both the act..

If I sell fruits and vegetables cultivated and grown in pots and land in my home premises, will it be considered agriculture income and it will be tax exempt?


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