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Agriculture income

Direct Taxation

Manufacturing process employed on a agriculture produce (which cannot be sold in its raw form) and then sold ,will that constitute agriculture income or non agriculture?


Abhishek Purohit

Abhishek Purohit

CA Inter

10K+

27-Mar-21 05:08

348

Answers (6)

Best Answer

Its agricultural income as it is not composite income (partially agricultural and partially non-agricultural) as the produce cannot be sold in its raw/ original form. The process (mechanical/ manual) employed makes the product fit for sale in the market.....


Sudha Reddy

Sudha Reddy

CA Final

20K+

27-Mar-21 10:41

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Thread Starter

Abhishek Purohit

Abhishek Purohit

CA Inter

10K+

27-Mar-21 05:12

Yes it will constitute partly agriculture income


Sanket Rao

Sanket Rao

CA Inter

470

27-Mar-21 09:25

Sanket Rao

Yes it will constitute partly agriculture income

There is an exception see attachment.unless there is no market to sell in that form


Thread Starter

Abhishek Purohit

Abhishek Purohit

CA Inter

10K+

27-Mar-21 10:33

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