Answers On Topic: Dairy income
"I am asking whether the land used for dairy farming (which is on my home premises, where my cow shelter is located) is taxable or not. I am currently paying tax on this land as house tax, and it is not away from my house—it is part of my home premises. Does this land come under house tax or agriculture tax? Also, is the land which is used for dairy farming also taxable, or is only the dairy farming capital taxable?"
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hello, i just want to know if dairy farming income is below 2.5 lakh. is it taxable? thanks.
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WHETHER DAIRY INCOME (MILK FROM COW) TAXABLE UNDER INCOME TAX ACT OR EXEMPT UNDER AGRICULTURE INCOME. THE ASSESSEE HAS 100 ACRE OF LAND AND UNDERTAKES AGRICULTURE ACIVITY (GROWING CROPS). THE ASSESSEE ALSO HAS COWS AND SELLS MILK. PLEASE ADVISE ON TAXABILITY OF MILK INCOME WITH SUPPORT OF ANY COURT JUDGEMENT IF ANY.
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Dairy farming