Income from milk selling to a dairy

TaxLab (Article Assistance ) (137 Points)

15 May 2018  

Hey,

I have two cows and milk produced by them is sell to a dairy, who use that milk for further resale.

my question is milk sale by me to dairy is cover under agrilculture income or not.

If it is not agrilculture income then what is tax treatment for that income ??