Is income from flowers business exempted from tax
05-Mar-2023 (In Tax Law)
I was told by my cousin who is into flower business that his income is exempt from income tax. Is this true? And if yes, under what section of Income tax act is it covered? He is in the business of providing flower arrangements to corporates and flower decorations in weddings and other occassions. Thank you, Arjun
The nature of the entity providing services is a contributing factor to get other exemptions.
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