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Indian farmers enjoy near-total tax exemption on agricultural income (Section 10(1)). But formalising via Farmer Producer Organisation (FPO) unlocks NABARD/SFAC subsidies, MSP procurement participation, and corporate retail contracts. FilingLab handles FPO incorporation, Udyam registration for agri-businesses, and ITR for farmers with non-agri income.
Tax angle for you
Agricultural income: fully exempt under Section 10(1). Non-agri income (cold storage, dairy processing, agritech): taxable. FPO under Section 581C: minimum 10 members.
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What you actually need
FAQ
No — exempt under Section 10(1). But agriculture-related activities (cold storage, food processing, dairy) are taxable. Mixed-source farmers must file ITR-2.
Producer Company under Section 581C — owned by 10+ farmers/producers. NABARD subsidies, SFAC equity grant up to ₹10 lakh, MSP procurement.