Horse Breeding Excluded from Section 74A Tax Benefits; Losses Not Recognized Like Poultry or Pig Breeding Losses.

Horse Breeding Excluded from Section 74A Tax Benefits; Losses Not Recognized Like Poultry or Pig Breeding Losses. https://www.taxtmi.com/highlights?id=23478 Disallowance of losses from activity of horse breeding and owning and maintaining race horses - The activity of breeding of horses is similar to that of poultry or piggeries etc. where the animals are bred for the purpose of selling. Section 74A is not applicable for such breeding activity. - AT en-us Wed, 24 Jun 2015 10:59:23 +0530 Wed, 24 Jun 2015 10:59:23 +0530 TaxTMI RSS Generator Horse Breeding Excluded from Section 74A Tax Benefits; Losses Not Recognized Like Poultry or Pig Breeding Losses. https://www.taxtmi.com/highlights?id=23478 Disallowance of losses from activity of horse breeding and owning and maintaining race horses - The activity of breeding of horses is similar to that of poultry or piggeries etc. where the animals are bred for the purpose of selling. Section 74A is not applicable for such breeding activity. - AT Highlights Income Tax Wed, 24 Jun 2015 10:59:23 +0530 https://www.taxtmi.com/highlights?id=23478