Tax on income from poultry farm

4609 views 9 replies

Hello Seniors,

I would like to know if income of 20 lacs from poultry farms (Eggs) is taxable ?

Regards

 

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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