Income from sale of Mushroom Spawn grown by assessee: Whether agricultural income even if there is no use of land Income from mushrooming is an agricultural income or not is often the question before the assessee and assessing officer. Here is ...Read More
Products of spontaneous growth are not products of Agriculture and income derived from them is not agriculture income.
Products of spontaneous growth are not products of Agriculture and income derived from them is not agriculture income. Supreme court in the case of Raja Benoy Kumar Sahar Roy has rendered the following judgement: Products of spontaneous growth are not ...Read More
Extracting Honey from Flower: Whether Agricultural Income? Whether income by extracting honey by keeping bee is agricultural income? Whether it is taxable or not taxable? It can be classified as income from horticulture? Opinion: The term “Agricultural Income“ has been defined u/s ...Read More
Agricultural Income: Even Nursery at Home could result in Agricultural Income Section 10(1) of the Income-tax Act, 1961 exempts agricultural income from income-tax. However, net agricultural income is added to the total non-agricultural income computed as per Income-tax Act, for the purpose of ...Read More