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help help help

@ CA. $ahar$h @ (Student) (338 Points)

07 April 2010

Hey people help me out.

Is income of a person who has a dairy income exempt from tax.

As per me it is fully taxable. still if u have a different opinion please please please let me know ????

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11 Replies

CA Babit Khurana (learning is my passion) (338 Points)
Replied 07 April 2010

You are right in your view. Dairy income is not covered under agrticlutural income list, so it is fully taxable under head PGBP.

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CA LOVELY ARORA (C.A. B.Com (H) Graduate) (2151 Points)
Replied 07 April 2010

taxable under the head Profit and Gains from Business/Profession..........

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SUDHIR & PRADEEP JI (CA FINAL+LLB + DISA) (2299 Points)
Replied 07 April 2010

it is taxable under the head of PGBP

1 Like

CA NAINA CHOPRA (MANAGER-AUDIT) (46 Points)
Replied 08 April 2010

YEAH TAXABLE

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Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 08 April 2010

Originally posted by : Saharsh 'Hellrokr'
	Hey people help me out. Is income of a person who has a dairy income exempt from tax. As per me it is fully taxable. still if u have a different opinion please please please let me know ????

Dear Saharh your observation is correct as the same is fully taxable. I have confirmed from my friend.

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Sushil (CA Final Student) (2571 Points)
Replied 08 April 2010

Taxable under the head PGBP.

Divya Karthik (S) (459 Points)
Replied 08 April 2010

Can we claim fee paid for for coaching for engineering entrance as tution fees U/s 80C?

Poornima Srinivasan (Junior trainee) (330 Points)
Replied 08 April 2010

Ya...I agree it is taxable under the head PGBP.

saranraj (CA FINAL) (419 Points)
Replied 08 April 2010

Not allowed.... Tuition fee paid for doing Engineering course alone is allowed. Wat u say is just a short term course for entrance exam and not a full time course.