Types of Agricultural Operations for Income Tax Purpose

Last updated at April 16, 2024 by

 

 

Agricultural Operations can be divided into 2 types of operations

1.Primary Operations

(These are basic operations which are done to start agriiculture like sowing seeds

2 Secondary Operations

These are done later when crop has grown

 

Types of Agricultural Operations for Income Tax Purpose - What is Agricultural Income

 

 
 
 

SUMMARY

Type of Operations

Normal Agriculture

Nursery

Only Primary Operations

Exempt

Exempt

Only Secondary Operations

Not Exempt

Exempt

Both Primary & Secondary Operations

Exempt

Exempt

 

 

 

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CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.