Clarification regarding the meaning of the expression the produce of animal husbandry used in sub-clause (ii) of clause (f) of rule 6DD of the Income-tax Rules, 1962
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Produce of animal husbandry: payments to meat producers avoid disallowance if declaration, payment confirmation and veterinary certificate provided. Produce of animal husbandry is defined to include livestock and meat; purchasers who pay otherwise than by account payee cheque or bank draft will not face payment disallowance if seller is a producer. Persons who buy animals from farmers, slaughter them and sell carcasses are treated as producers. The rule 6DD benefit is subject to: a declaration by the payee that he is a producer of meat; confirmation that the non account payee payment was made at his insistence; and a veterinary certificate confirming producer status and supervised slaughtering.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Produce of animal husbandry: payments to meat producers avoid disallowance if declaration, payment confirmation and veterinary certificate provided.
Produce of animal husbandry is defined to include livestock and meat; purchasers who pay otherwise than by account payee cheque or bank draft will not face payment disallowance if seller is a producer. Persons who buy animals from farmers, slaughter them and sell carcasses are treated as producers. The rule 6DD benefit is subject to: a declaration by the payee that he is a producer of meat; confirmation that the non account payee payment was made at his insistence; and a veterinary certificate confirming producer status and supervised slaughtering.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.