Taxability of freshwater fish farming: department orders survey to identify assessees and report to the Board Income from fresh water fish farming does not qualify for exemption as agricultural income under Section 10(1) nor as income from a business of livestock brooding or poultry or dairy farming under Section 10(27) of the Income-tax Act, 1961. The Board directed Commissioners to conduct an intensive survey in all charges to identify assessees engaged in fresh water fish farming and to report the survey results to the Board.
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Taxability of freshwater fish farming: department orders survey to identify assessees and report to the Board
Income from fresh water fish farming does not qualify for exemption as agricultural income under Section 10(1) nor as income from a business of livestock brooding or poultry or dairy farming under Section 10(27) of the Income-tax Act, 1961. The Board directed Commissioners to conduct an intensive survey in all charges to identify assessees engaged in fresh water fish farming and to report the survey results to the Board.
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