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Dairy industry

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(Querist)
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
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O.D.SHARMA

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O.D.SHARMA (Expert)
22 January 2012 Hi,Make your querry more clear.Farmer is not taxable but production/Plants are in tax/excise net.
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Nishant

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Nishant (Expert)
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.
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