Section 139 of the Income-tax Act, 1961 - Return of income - Clarification regarding filing of return of income by coffee growers, being individuals covered by rule 7B of the Income-tax Rules, 1962

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..... g individuals covered by rule 7B of the Income-tax Rules, 1962 Circular : No. 10/2003, dated 24-12-2003 . 1. The existing provisions of rule 7B of the Income-tax Rules, 1962 inserted by the Income-tax (Second Amendment) Rules, 2001, w.e.f. 1-4-2002 and further amended by the IT (Third Amendment) Rules, 2002 w.e.f. 1-4-2003, provide that income derived from the sale of coffee grown an .....

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..... the first proviso to section 139(1) of the Income-tax Act, 1961, would not be obliged to file his return, if his income from growing and curing of coffee is Rs. 2 lakh or less as only 25% of such income is taxable as business income under rule 7B(1) of the Income-tax Rules, 1962. Where such individual, not covered by the first proviso to section 139(1), derives income from growing, curing, roastin .....

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