Income From Ostrich Farming is Taxable Under which Head

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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