Income tax

SHAHAD (CA Final) (75 Points)

08 August 2013  

Dear Friends,

 

I have a questions,

1. Can production of milk be treated as agricultural activity?

2. If a company brought large no. of cows, hw to treate the same, as asset or stock?

3. If the cows give birth to a child, how to treat the same, since there is no cost involved?

Please share the answers if anybody know....

Thanks in advance.

 

Shahad