Hello Seniors,
I would like to know if income of 20 lacs from poultry farms (Eggs) is taxable ?
Regards
9 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185347 Points)
Replied 14 May 2018
Yes, taxable under income tax act, as income under head 'PGBP'
deepika
(student)
(26 Points)
Replied 01 August 2018
sir,
Is RENT from pond given for fish farming is taxable? can this be considered as agricultural income.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185347 Points)
Replied 01 August 2018
No. It is taxable income
deepika
(student)
(26 Points)
Replied 01 August 2018
Is it taxable even if it is agricultural land as defined according to the definition.If so under which head?
Gaurav
(ACCOUNTANT)
(32 Points)
Replied 29 August 2018
INCOME TAX CODE FOR POULTRY FARM INCOME EGG / CHICKENS?
Mithra Traders
(2 Points)
Replied 24 January 2019
Poultry Forming With Egg Sales Is Taxable OR Exempted Under GST Act..? Can Register Under GST?
piyush dokania
(2 Points)
Replied 14 July 2021
How to calculate income tax on egg farming
Situation I have 10500 birds
Growing birds from chicks to laying eggs cost me 38lakhs
In next 3 months till 31/3/21
The hens produces 800000 eggs till 31/3/21 and is still laying eggs it's supposed to lay 38lakhs eggs in its life time Sales till 31/3/21 - 35lakhs
Expense during laying months 32lakhs
What will be income tax payable and method to calculate
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