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Taxes on Poultry Faring

Tax planning 4386 views 2 replies

Hi..

Can anyone tell me the Tax constraints on Poultry farming business...

1. Income Tax

Whether there are any tax benefits ? since it cannot be included in agriculture income, though there are tax concessions,

Pls specifically tell me the benefits available.

2. VAT, Service Tax & Professional Tax

Whether vat is applicable on poultry products i.e. eggs & chicken sold, at what rate

Whether it is covered under Service tax if someone breeds the chickens, at what rate

Whether the person running a poultry business have to pay Professional Tax, at what rate

Replies (2)

1) incometax - its normal business and no provision for any exemption.

2) Service tax - no servicetax

3) vat & profession tax - consult commercial tax office of your state.

what are exemtion of income tax for a poultry industry.

 


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