how to treat fish farming income.???
abhishek gupta (propreitor) (27 Points)
24 June 2012how to treat fish farming income.???
RAVI KUMAR GUPTA
(STUDENT)
(46 Points)
Replied 24 June 2012
dear abhishek , income from fisheries is taxed under income from profit and gains from business and profession . all the expensess related to your business of fisheries shall be deducted from the gross receipts from the same business and the same shall be taxed ,