Poultry Farming income
Debashis Aich (138 Points)
21 January 2019
Poultry Farming income is exempt income?
2 Replies
ACA Sarita Laddha
(Practicing CA)
(1225 Points)
Replied 21 January 2019
poultry farming income is not agricultural income so it is not exempt
Nitesh bind
(Student CA Final )
(12692 Points)
Replied 21 January 2019
Income from agriculture is exempt in India u/s 10(1).But poultry business is not covered under definition of agriculture income.Therefore, it shall be taxed as Incomefrom Business or Profession.
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