UPASI's PRE BUDGET PROPOSALS FOR THE PLANTATION INDUSTRY

摘要

A grower of coffee needs to go through various stages of processing to make it ready for sale. At each stage, there is a value being created for the farmer.Rule 7B(1) was introduced in the year 2001 and states that "Income derived from sale of coffee grown and cured by the seller in India shall be computed as if it were derived from business, and twenty five percent of such income shall be deemed to be income liable to tax".Curing is a process akin to Milling where the coffee husk is removed through a process of hulling, pealing, polishing, grading, colour sorting, garbling, grading & bagging (A similar process as paddy, wheat or grain milling/processing).