Home Acts & Rules Bill Bills Direct Taxes Code Bill, 2009 Chapters List Chapter III - Part-D COMPUTATION OF TOTAL INCOME - D. - Income from business This
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Clause 28 - Income from business - Direct Taxes Code Bill, 2009Extract D. -Income from business Income from business 28. (1) The income from any business carried on by the assessee at any time during the financial year shall be computed under the head "Income from business". (2) For the purpose of computing the income under the head "Income from business", the income of each business shall be computed separately. (3) Any income from a business after its discontinuance shall be deemed to be the income from the business of the recipient in the year of receipt and shall, accordingly, be computed under the head "Income from business".
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