Taxes on Poultry Faring

CA REHMAN A BHAMANI (Practice) (90 Points)

28 February 2011  

Hi..

Can anyone tell me the Tax constraints on Poultry farming business...

1. Income Tax

Whether there are any tax benefits ? since it cannot be included in agriculture income, though there are tax concessions,

Pls specifically tell me the benefits available.

2. VAT, Service Tax & Professional Tax

Whether vat is applicable on poultry products i.e. eggs & chicken sold, at what rate

Whether it is covered under Service tax if someone breeds the chickens, at what rate

Whether the person running a poultry business have to pay Professional Tax, at what rate