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in Income Tax – Individuals & AOPs by (80 points)
I would like to know , weather Income from cattle farming is taxable or not. If yes what is the tax rate and what is the sections in ordinance describe this.

1 Answer

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by (25.1k points)

Income derived from cattle farming is generally exempt from tax under the Income Tax Ordinance, 2001, as it falls under the definition of agricultural income. This exemption is established by Section 41 of the Income Tax Ordinance, 2001. 

by (80 points)
Thanks for your response,  but there seems little confusion when I had check the same thing with few tax consultant they informed me cattle farming is deal in normal income tax.

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