goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 March 2010
is a mango tree reguarded as goods in income tax or vat ?
19 March 2010
A mango tree if left alone to grow and yeild is not "goods"; once its association with the land is terminated and it ceases to be a mango tree it becomes "goods". This is not an issue in Income Tax but under VAT.
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