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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.