Profit earned from culivation of Prawn and Fish

[Lakshmi NV]

dear expert, on of my One of my Clint has taken 450 acres of land on lease and cultivated prawn and fish and he has earned a profit of ₹ 40 lahk from such cultivation .is this income agricultural or business.

AI Summary

Income from Prawn and Fish Cultivation on Leased Land Classified as Business Income, Not Agricultural A query was raised regarding the classification of income earned from prawn and fish cultivation on leased land, specifically whether it should be considered agricultural or business income. The individual in question leased 450 acres and earned a profit of 40 lakh from this activity. An expert responded, stating that in their opinion, this income should be classified as business income.