Question

Definition of vocation under income tax act

Answer 1

A vacation is dwelling other then the owner's primary residence that is used for recreational purposes.
hope it helps you

Answer 2

Hi there,

Definition of vocation under income tax act:

There is no specific definition given for the word in the constitution but according to the income tax act 1961, vocation is considered as some form of employment or a business. In those times. trade was defines as a type of business or employment, therefore it can be counted as a vocation.

I hope the answer is helpful.

Thanks