Question on rose farming
This query is : Resolved
04 July 2008
If anyone is doin farmin of rose flower than incme generated from it is agriculture incme or business income???
please give me the ansewer with section and proof
please give me the ansewer with section and proof
05 July 2008
It is agriculture income, if it is done by individual who is an agriculturist under the state act.
If you grow the roses on own land it is agriculture, if you hire land and do it, it can be adventure in nature of trade.
If it is done in partnership firm or company it is a business income.
Section 2( 1A)
If you grow the roses on own land it is agriculture, if you hire land and do it, it can be adventure in nature of trade.
If it is done in partnership firm or company it is a business income.
Section 2( 1A)
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