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.

[DR.MARIAPPAN GOVINDARAJAN]

In my view it is business income.

AI Summary

Business Income: Profit from prawn and fish cultivation on leased land treated as business income, not agricultural. Whether profits from cultivation of prawn and fish on leased land constitute agricultural income or business income; the advisory conclusion treats receipts from such commercial aquaculture on leasehold land as business income rather than agricultural income.