Income From Ostrich Farming is Taxable Under which Head

Tax queries 1180 views 9 replies

Please tell me under which head, income from Ostrich\Emu Farming...

Replies (9)

Other Sourse Income.......

other sources                                                     

If income from poultry farming can be taxed under the head business,  y not ostrich farming. Other sources is applicable only when income is not charged under the first four head. S 56(1).

If Ostrich\Emu Farming is main business activity then taxable under head PGBP otherwise charged under the head of other sources

under the head "business & profession", business income if it is the main line of income.

Income from PGBP

This is taxable under Business or Profession.

Originally posted by : kaushal

If income from poultry farming can be taxed under the head business,  y not ostrich farming. Other sources is applicable only when income is not charged under the first four head. S 56(1).

AGREED.

income under the head pgbp


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