Revenue Regulations No. 16


Human beings are constantly engaged in different or a few action as a way to satisfy their endless needs. Organization can be an economical action, that is related to submission of products and companies and typical and steady output for rewarding individual needs. The wholesaler, the seller, the manufacturer are doing business and therefore they're named as Businessman. Thus, the definition of organization signifies circulation and steady output of goods and services with generating profits under uncertain market conditions' goal.

However, in the event of selling of real homes to the deferred-payment base, not the purchase, on the installment plan Will be treated as money sale making the price tag that was whole taxable in month of purchase. Real estate dealer” contains anybody Computer Services Business engaged in the business of creating purchasing, marketing, trading properties that are true as primary and possessing out himself being part-time or a full dealership in realestate.

Business is for rewarding individual desires an economical action, that is related to normal and ongoing production and circulation of goods and companies. The shopkeeper, the middleman, the manufacturer are working and therefore they are named as Entrepreneur. Hence, the definition of company implies circulation and continuous manufacturing of items and solutions together with getting gains under market conditions' purpose.