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Taxability of dairy business


CA Apoorva Gaurav (CA)     27 March 2015

CA Apoorva Gaurav
CA 
 34 likes  368 points

| My Other Post

Whether income generated from sale of raw milk to retail consumers taxable???

I mean wherein an assesse holds 20 cattles and sell the milk proceeds to retail customers,

avater

RAKESHA H.S. (STUDENT)     27 March 2015

RAKESHA H.S.
STUDENT 
 22 points

View Profile | My Other Post

Dairy farming is not covered in agriculture income a defined by IT so it is taxable

avater

Vishal Goel (Chartered Accountant)     27 March 2015

Vishal Goel
Chartered Accountant 
 144 likes  1688 points

View Profile | My Other Post

Yes, it is taxable.


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