Deep sea fishing income
This query is : Resolved
14 October 2013
Dear Sir,
1. I would like to know whether deep sea Fishing Income comes under agriculture Income & exempted under section 10?
2. If yes, gross income morethan 1 Crore, then Whether Audit is required???
Pls reply ASAP
CA Rupesh Agrawal
1. I would like to know whether deep sea Fishing Income comes under agriculture Income & exempted under section 10?
2. If yes, gross income morethan 1 Crore, then Whether Audit is required???
Pls reply ASAP
CA Rupesh Agrawal
14 October 2013
tHE ANS TO Q I IS NO AS IT DOESNT FALL IN DEFINTION OF AGRICULTURAL INCOME UNDER SEC 2.
Ans to q2.Yes as epr sec 44AB.
Ans to q2.Yes as epr sec 44AB.
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