When agriculture income is taxable?

[ramesh bohra]

agriculture income if we have agri. land and we growing crops and sell as following way then income is exempted or not 1. we sell agri. crop in indian market 2 we export agri crop in same raw stage 3 we process some chemical for preserve crop we export it it will exmpt or not 4 we have crop and we make juice and then export it then what will happen

AI Summary

Understanding Taxability of Agricultural Income: Domestic Sales, Exports, and Processing Under Income Tax Rules 7, 7A, 7B, 8. A forum user inquired about the taxability of agricultural income, specifically when crops are sold domestically, exported in raw form, processed for preservation, or turned into juice for export. A respondent clarified that processing alters the nature of agricultural produce, potentially resulting in business income, as per Income Tax Rules 7, 7A, 7B, or 8. Another contributor agreed, noting that minimal processing for market readiness results in agricultural income, while extensive processing involves both agricultural and business income. They advised consulting tax consultants and checking state-specific agricultural income tax regulations.