https://www.taxtmi.com/manuals?id=3725 Rule 7 requires that where a cultivator or receiver of rent in kind uses agricultural produce as raw material in a business, the market value of that produce, or sale receipts if included in business accounts, must be deducted in computing taxable business profits, and no further deduction is permissible for expenditure incurred as cultivator or receiver of rent in kind. en-us Wed, 20 Dec 2023 10:33:00 +0530 Wed, 27 Dec 2023 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3725 Rule 7 requires that where a cultivator or receiver of rent in kind uses agricultural produce as raw material in a business, the market value of that produce, or sale receipts if included in business accounts, must be deducted in computing taxable business profits, and no further deduction is permissible for expenditure incurred as cultivator or receiver of rent in kind. Manuals Income Tax Wed, 20 Dec 2023 10:33:00 +0530 https://www.taxtmi.com/manuals?id=3725