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Lease rentals received on fish ponds

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 February 2018 lease rentals received on fish ponds is taxable under business income or rental income?if it is taxable as rental income is there any standard deduction and expenses allowed and at what percentage?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 February 2018 It's taxable under business income.

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