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".
