Profession includes vocation, framing profession broadly for income-tax characterisation consistent with ordinary meaning. The term profession for income-tax purposes is construed to include vocation, so activities regarded as a vocation-work a person is suited to and devotes ... Summary
Profession includes vocation, framing profession broadly for income-tax characterisation consistent with ordinary meaning.
The term profession for income-tax purposes is construed to include vocation, so activities regarded as a vocation-work a person is suited to and devotes time and energy to-are treated as a profession for tax characterisation and compliance.
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