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Income from fruit business

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(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?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 April 2017 Yes he is liable for Income tax as it's a business income.
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Deepak Patel

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Deepak Patel (Querist)
04 April 2017 ok thank u
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Advocate

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Advocate (Expert)
04 April 2017 you must have a PAN card and file an ITR for showing such income from fruit business.
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Deepak Patel

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Deepak Patel (Querist)
05 April 2017 yes sure sir, thank u
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