Dear all
my client has running business since last 7 years he has received notice regarding non filing income tax he has 30-40 lakh turnover pa wheather it is liable to pay tax or it is covered under agricultural income
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Green House Flower business
Replies (1)
Unless he is growing the flower and selling in market, it will be taxable. The trading of flower can be assessed u/s. 44AD, and the assessed income for 30 lakhs TO will be below taxable limit.
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