Classification of coffee income treated partly as business and partly as agricultural income under income tax rules. Rule 7B prescribes that income from sale of coffee produced in India is to be computed as if it were income derived from a normal business, allocating ... Summary
Classification of coffee income treated partly as business and partly as agricultural income under income tax rules.
Rule 7B prescribes that income from sale of coffee produced in India is to be computed as if it were income derived from a normal business, allocating specified portions between business income and agricultural income for coffee that is grown and cured, and for coffee that is grown, cured, roasted and grounded (with or without mixing flavouring ingredients).
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
