Tax on vermicompost


We are in the farming industry where we are producing vermicompost from cow manure. Vermi compost is basically manure produced by earthworms. We are selling it at the rate of Rs. 5/kg and would like to know if there is any tax liability?

Thanks Nikhil

asked Apr 24 '12 at 19:17 by nikhil narayana 1123

I think, Vermi compost production would not be assumed as an agricultural activity, so income generated from it would be taxable like any other business.

answered Apr 24 '12 at 19:31 by Pankaj Batra 5.2k320


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Asked: Apr 24 '12 at 19:17

Seen: 2,014 times

Last updated: Apr 24 '12 at 19:31

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