https://www.taxtmi.com/article/detailed?id=5313 Composite income from tea is computed as if it were business income under Rule 8 and includes incidental receipts arising from cultivation, manufacture and sale of tea; Rule 8 prescribes a portion chargeable under the Income tax Act but does not itself make the residual portion agricultural income. Determination whether the remainder is agricultural income requires applying the statutory definition of agricultural income and the charging provisions of the relevant State Agricultural Income Tax Act, since many incidental receipts may be business in character and thus not taxable as agricultural income. en-us Thu, 10 Oct 2013 18:37:54 +0530 Thu, 10 Oct 2013 18:37:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5313 Composite income from tea is computed as if it were business income under Rule 8 and includes incidental receipts arising from cultivation, manufacture and sale of tea; Rule 8 prescribes a portion chargeable under the Income tax Act but does not itself make the residual portion agricultural income. Determination whether the remainder is agricultural income requires applying the statutory definition of agricultural income and the charging provisions of the relevant State Agricultural Income Tax Act, since many incidental receipts may be business in character and thus not taxable as agricultural income. Articles Income Tax Thu, 10 Oct 2013 18:37:54 +0530 https://www.taxtmi.com/article/detailed?id=5313