Hello Seniors,
I would like to know if income of 20 lacs from poultry farms (Eggs) is taxable ?
Regards
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Tax on income from poultry farm
Replies (9)
Yes, taxable under income tax act, as income under head 'PGBP'
sir,
Is RENT from pond given for fish farming is taxable? can this be considered as agricultural income.
No. It is taxable income
Is it taxable even if it is agricultural land as defined according to the definition.If so under which head?
IFOS
INCOME TAX CODE FOR POULTRY FARM INCOME EGG / CHICKENS?
01007
Poultry Forming With Egg Sales Is Taxable OR Exempted Under GST Act..? Can Register Under GST?
How to calculate income tax on egg farming
Situation I have 10500 birds
Growing birds from chicks to laying eggs cost me 38lakhs
In next 3 months till 31/3/21
The hens produces 800000 eggs till 31/3/21 and is still laying eggs it's supposed to lay 38lakhs eggs in its life time Sales till 31/3/21 - 35lakhs
Expense during laying months 32lakhs
What will be income tax payable and method to calculate
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