Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals News SMS Articles Highlights
        Home        
 
Extracts
Home List
← Previous Next →

Farmer Exporter or Exported from Registered Farm.

Income Tax - By: - Kishan Barai - Dated:- 5-2-2018 Last Replied Date:- 5-2-2018 - Query 1. Farmers are exempted from Income Tax but if farmer export then is exported income tax-free for farmers along with GST? 2. If we export products from registered .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

he outset it must be noted that the laws relating to income tax and goods and services tax operate independently. Exemption under one law has no bearing on taxability or otherwise under the other law. Also, within the same law, each provision operate .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ach transaction of supply of goods or services or both. So, they are quite different from each other. Now, the income tax law exempts agriculture income i.e income of a farmer from cultivation of land (which is relevant here), whether the goods are e .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

GST, the law allows export on payment of tax under refund claim or export without payment of tax against letter of undertaking. These are referred to as zero rated supplies. A merchant exporter can procure goods on payment of 0.1% GST and export unde .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.