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Income From Ostrich Farming is Taxable Under which Head

Tanay (CA Final Student) (274 Points)

16 June 2011

Please tell me under which head, income from Ostrich\Emu Farming...

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9 Replies

Arvind Sharma (ACA) (1432 Points)
Replied 16 June 2011

Other Sourse Income.......

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CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 16 June 2011

other sources

(Guest)

If income from poultry farming can be taxed under the head business, y not ostrich farming. Other sources is applicable only when income is not charged under the first four head. S 56(1).

Pawan Kr. Tomar (CA) (169 Points)
Replied 17 June 2011

If Ostrich\Emu Farming is main business activity then taxable under head PGBP otherwise charged under the head of other sources

shammi (service) (50 Points)
Replied 17 June 2011

under the head "business & profession", business income if it is the main line of income.

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Abishek (Student) (1108 Points)
Replied 17 June 2011

Income from PGBP

Balaji Mupparaju (Propritor) (22 Points)
Replied 18 June 2011

This is taxable under Business or Profession.

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 18 June 2011

Originally posted by : kaushal
	If income from poultry farming can be taxed under the head business, y not ostrich farming. Other sources is applicable only when income is not charged under the first four head. S 56(1).