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Agriculture income

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

9K+

27-Mar-21 05:08

40

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

Moderator

27-Mar-21 10:41

A

Attachments

beb5056f-e267-46bb-9cdb-c456678c8a38.jpg


Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

27-Mar-21 05:12

Yes it will constitute partly agriculture income


Sanket Rao

Sanket Rao

CA Inter

310

27-Mar-21 09:25

Yes it will constitute partly agriculture income

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


Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

27-Mar-21 10:33

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

*no market


Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

27-Mar-21 10:33

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