Fishing-aquaculture
This query is : Resolved
bharat dhonde
(Querist)
09 January 2012
1.Is Aquaculture is taxable ?
2.Whether Aquaculture is covered withing the meaning of 'Fishing Activity ' under section 80P(2)(a)(Vii)?
3. Any reference Case Laws
2.Whether Aquaculture is covered withing the meaning of 'Fishing Activity ' under section 80P(2)(a)(Vii)?
3. Any reference Case Laws
CA PARAS BAFNA
(Expert)
09 January 2012
1. Yes
2. No.
3. I am not having the case law at present.
However, Fishing Activity starts from catching the fishes which are found in natural waters like sea and river. This can be said as "Gift from Nature." Whereas in aqua-culture artificial water tanks or ponds are used for the cultivation.
2. No.
3. I am not having the case law at present.
However, Fishing Activity starts from catching the fishes which are found in natural waters like sea and river. This can be said as "Gift from Nature." Whereas in aqua-culture artificial water tanks or ponds are used for the cultivation.
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