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of <h1>Clarification on 'Fish or Fish Products' u/r 6DD: Exemption for Payments to Fishermen, Not Traders.</h1> The circular provides clarification on the term 'fish or fish products' in the context of rule 6DD of the Income-tax Rules, 1962. It specifies that this term includes marine products like shrimp, prawn, and lobster. The term 'producers' encompasses fishermen and headmen who sort and sell fish directly from the sea. Payments exceeding twenty thousand rupees to these producers are exempt from disallowance under Section 40A(3) of the Income-tax Act, 1961, provided they are not made through account payee cheques or drafts. However, this exemption does not apply to payments made to traders or middlemen.
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