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  • CATEGORIZATION OF BUSINESS & PROFESSION AS PER INCOME TAX ACT
Income Tax Uncategorized

CATEGORIZATION OF BUSINESS & PROFESSION AS PER INCOME TAX ACT

Aug 25, 2022 Rishika Jain 0 Comment

DEFINITION OF BUSINESS According to section 2(13) of the Income Tax Act, the term “business” is defined as any trade, commerce, or manufacture or any adventure or concern in the nature of trade, commerce or manufacture.” The term `Business’ means an activity being carried on continuously and systematically by a person with the application of […]

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