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Taxability of dairy business

CA Apoorva Gaurav (CA)     27 March 2015

CA Apoorva Gaurav
 34 likes  368 points

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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,


RAKESHA H.S. (STUDENT)     27 March 2015

 22 points

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


Vishal Goel (Chartered Accountant)     27 March 2015

Vishal Goel
Chartered Accountant 
 144 likes  1688 points

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Yes, it is taxable.

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