Dairy industry
This query is : Resolved
21 January 2012
If any assessee do the business of milk production for dairy fram. whether it is taxble or not
IF any person purchases 15 buffello and estiblashed a tabbella for getting the milk and that milk is sold in the market to customer as it is. whether this activity is taxable or not and if answer is not then please make a eference of section of income tax
IF any person purchases 15 buffello and estiblashed a tabbella for getting the milk and that milk is sold in the market to customer as it is. whether this activity is taxable or not and if answer is not then please make a eference of section of income tax
22 January 2012
Hi,Make your querry more clear.Farmer is not taxable but production/Plants are in tax/excise net.
23 January 2012
The same is taxable. The sale of agricultural produce is not taxable. Others are very well taxable under the Income Tax Act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
