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Does making sweets amounts to manufacture ?
A client makes sweets and sells them. Does it amounts to Manufacture ? Does the Nature of Business for him in the income tax return should be " Manufacturing others" ???
Replies (2)
Mr Vamsi Krishna : Yes it is a manufacturing process. The actual test for manufacturing is that the ingradients lose their identity and a new product with a new identity is produced. .......mjk
Yes. It amounts to manufacturing process.
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