Income from fruit business
This query is : Open
Deepak Patel
(Querist)
03 April 2017
Hello..
Whether the income of an assessee a wholesale dealer in fruit business is liable to income tax if his income exceeds basic exemption limit?
CA R SEETHARAMAN
(Expert)
04 April 2017
Yes he is liable for Income tax as it's a business income.
Deepak Patel
(Querist)
04 April 2017
ok thank u
04 April 2017
you must have a PAN card and file an ITR for showing such income from fruit business.
Deepak Patel
(Querist)
05 April 2017
yes sure sir, thank u
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