Dairy Farming Under Income Tax Rules

[ezeevivek]

Hi,

I wanted to know what are the taxation norms for dairy farming limited to selling raw milk to co-operatives?

Is income from dairy farming treated as agricultural income of normal business income?

Thanks,

 

[ksraj]

Hi Vivek,
Income from a DAIRY FARM i.e. producing milk from cows/buffalo & selling it in any manner-raw milk or value added products is Taxable like any other income. It is not to be treated as Agriculture Income which is income from anything which is grown on land & hence not Taxed. This is authentic as per prevailing IT rules.

KSR

 

[ag_aman2004]

Selling raw milk is not taxable in TN
Regards Amanullah

 

[mugilu]

hi dairy farming is does not come under income tax in karnataka

 

[chinnaswamyg]

Income tax is by Union government and how the states like Karnataka or Tamil Nadu can set their own rules on income tax. It is not clear.

Chinnaswamy

 

[sanjeev_rv]

incom tax in haryana

hi friends


I want to know that dairy farming in haryana is under income tax norms .

SRV

 

[ksraj]

Hi, Income Tax is a Central Subject & state governments have absolutely no say in the matter. From state to state, various other taxes like Sales Tax, Octroi etc may differ.

KSR

 

[bharat09]

Hi, Income Tax is a Central Subject & state governments have absolutely no say in the matter. From state to state, various other taxes like Sales Tax, Octroi etc may differ.

KSR

mahre haryana mei toh Custom duty bhi hai dairy farming par. aur toh aur FEMA bhi hai...