CA Day celebration 2024 Easy Office
LCI Learning

Agreeculture income or business income

This query is : Resolved 

12 February 2019 A client works to sell green grass. He buys the green grass from his own farm and from other farmers. He sells green grass in cash to locals and Gaushala
My question is that this work will be taxable in the business income in the income tax or agriculture income.
Annual turnover of Rs 25 lakhs

13 February 2019 it shall be business income in my opinion and your client does not involve in cultivation activities but doing trading of agricultural products.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query