Section 2(13) Income Tax: Business – Meaning

As per Section 2(13) of the Income Tax Act, 1961, unless the context otherwise requires, the term ‘business’ includes any trade, commerce or manufacture or any adventure or concern in the nature of trade, commerce or manufacture.

It may be noted that income from ‘Business’ is chargeable to income-tax under the head “Profits and gains of business or profession” as per Section 28 of the Income Tax Act, 1961.


  1. Ahmad attar
  2. Ahmad attar

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