https://www.taxtmi.com/forum/issue?id=112540 Whether profit from cultivation of prawn and fish on leased wetland constitutes agricultural income or business income is posed. The taxpayer leased 450 acres of wetland for aquaculture and reported profit from the activity. The expert response concludes that income from such prawn and fish cultivation carried out on leased wetland constitutes business income rather than agricultural income, reflecting a commercial enterprise engaged in production for sale. en-us Sun, 06 Aug 2017 19:17:51 +0530 Thu, 23 Jan 2025 15:55:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112540 Whether profit from cultivation of prawn and fish on leased wetland constitutes agricultural income or business income is posed. The taxpayer leased 450 acres of wetland for aquaculture and reported profit from the activity. The expert response concludes that income from such prawn and fish cultivation carried out on leased wetland constitutes business income rather than agricultural income, reflecting a commercial enterprise engaged in production for sale. Discussion-Forum Income Tax Sun, 06 Aug 2017 19:17:51 +0530 https://www.taxtmi.com/forum/issue?id=112540