Business Income

Tax Glossary Definition

Business Income

Business Income – Business income refers to the profit or gain earned from carrying out any trade, commerce, manufacturing, or professional activities. It includes revenue from the sale of goods, services, or any other commercial operations, after deducting allowable business expenses.

Example: The profits earned by a textile trader from buying and selling fabrics or garments constitute business income and are taxable under the Income Tax Act.

India's Most Trusted
Pro Tax Filer

Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.

  • We ensure maximum tax benefits.

  • Taxes? Handled by our CAs and experts.

  • Reliable, year-round tax support at no cost.

  • Satisfaction or your money back came twice.

Start Filing

Scan the QR code to Download the app

Mobile App Available on:

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App

Have Questions? Let’s Talk!

Chat With Us

Scan to chat

Scan QR Code

OR
Start Chat
Mobile Apps Available On
This feature is available on our mobile app. Get the app now to access this feature!

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App