CA. Bhabani , FCA, DISA, DIRM (Chartered Accountant) (205 Points)
28 August 2010What is the tax treatment for sale of gur? Why sale of Gur is non agri income whereas sale of jaggery is agri income?
Ranotosh Podder
(ca student)
(394 Points)
Replied 28 August 2010
Gur is produced by applying a process on jaggery, that is why it is goods and not agricultural produce.Tax treatment will probably like molasses i.e payable by purchaser/factory owner.
please rectify me if I am wrong.
CAclubindia
