Some examples of business income are income from the sale of products and services, income from profits and gains accruing out of business operations, interest received on investment, interest received on savings from the bank, etc.
The business received income from two sources. Income earned from businesses and income earned from professions Income from business includes sales, profits, and salaries or other income received. Income from a profession includes fees earned for rendering services, and sums received from copyrights or intellectual property.
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