Business definition encompasses trade, profession, service and occupations, including activities of bodies and government entities. The term business is broadly defined to include every trade, profession, service and occupation, and is wider than 'trade'; it includes professional ... Summary
Business definition encompasses trade, profession, service and occupations, including activities of bodies and government entities.
The term business is broadly defined to include every trade, profession, service and occupation, and is wider than 'trade'; it includes professional practices and activities carried on by bodies corporate or unincorporate, and may encompass government departments and public authorities, with its precise scope to be construed according to statutory context and any exclusions notified by the Central Government.
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