Income from fish ponds

Yes, it can be used subject to conditions that is:-

Eligible assessee:

1.Resident individual

2.Resident HUF

3.Partnership firm – Not being LLP

Eligible business:   

Any business other than

1. Profession (now covered)

2. General commission agent/ commission based agency business (w.e.f, A.Y.2011-2012)

3. Business of playing, hiring or leasing goods carriages

4. Whose turnover/gross receipt exceeds Rs.2 crore.