Fisheries-exempted fro tax
This query is : Resolved
14 December 2012
Sir,
Are the fisheries are exempted from tax (or) it should be treated as agriculture income
Is there any certain limit for such business income to be considered as taxable
Are the fisheries are exempted from tax (or) it should be treated as agriculture income
Is there any certain limit for such business income to be considered as taxable
15 December 2012
Any profit arrise from fishery or polutry farm is not an agricultural income. and taxable as business income.
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15 December 2012
But it is exempt from VAT only....mjk
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