Unravelling the terms business, profession, vocation and occupation

Sivaraman A R , Last updated: 12 June 2021  
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In this article, I will be discussing the differences between the terms business, profession, vocation and occupation in the context of the Income Tax Act, 1961 (the Act). Understanding and identifying whether a particular organisation is a business or profession is very important because amongst ot

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Sivaraman A R
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Category Income Tax   Report

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