Definition of trade as per various acts.
Also i want to know that does trade include manufacturing activity?
As per sub section 13 of section 2 of Income Tax Act'1961 "Business" includes any trade, commerce or manufacture or any adventure or concern in the nature of trade, commerce or manufacture.
As per section 2(29B) of Income Tax Act'1961
"manufacture", with its grammatical variations, means a change in a non-living physical object or article or thing,—
(a) resulting in transformation of the object or article or thing into a new and distinct object or article or thing having a different name, character and use; or
(b) bringing into existence of a new and distinct object or article or thing with a different chemical composition or integral structure
As per section 2 (72) of the CGST Act'2017
“manufacture” means processing of raw material or inputs in any manner that results in emergence of a new product having a distinct name, character and use and the term “manufacturer” shall be construed accordingly
Nowhere in the act Trade in the act, however as per dictionary Trade means the action of buying and selling goods and services
Therefore according to definitions and meanings trade may be part of manufacturing, please correct me if i am wrong
No. Trade do not include manufacture.
In this Act 'the appropriate Government' means, in relation to Trade Unions whose objects are not confined to one State, the Central Government, and in relation to other Trade Unions, the State Government and, unless there is anything repugnant in the subject or context -
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