Income Tax Act 2023
Section 2 Clause 70 - Business
(as updated till Finance Act 2024)
“business” includes—
(a) any trade, commerce or manufacture;
(b) any venture or concern in the nature of trade, commerce or manufacture;
(c) any exchange of goods or services of any profitable or nonprofit entity; or
(d) any profession or vocation;
Disclaimer: This is the authentic English text of the Income Tax Act 2023, as published under SRO No. 404-Law/2025 dated 08 October 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.