Karnataka Poultry farmers seek ‘Agriculture’ status under Income Tax Act

With the Union Budget around the corner, the Karnataka Poultry Farmers and Breeders Association (KPFBA) wants the the Government of India to consider all poultry farming activities as ‘Agriculture’ under the Income Tax Act. 

 

According to the board, the poultry sector is exposed to all types of natural vagaries and gives employment mostly to unskilled and rural population, which is why it should be brought under ‘Agriculture’ in the Income Tax Act. By doing so, poultry farmers can avail tax benefits. 

 

 

KPFBA has made a representation to the Minister of Finance, Nirmala Sitharaman on the need to incorporate poultry farming as ‘agriculture’, among other demands. 

 

Poultry farming could help in this regard as agriculture farmers could take up poultry as a means of subsidiary income, if the government provides incentives. Poultry will play a key role in inclusive growth of the rural economy and thereby help to achieve Government’s ambitious plan of doubling farmers’ income, KPFBA President Akhilesh Babu said.