Account category
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 December 2012
Dear Experts,
We are in to trading business of health care product, like Electric Massager Etc.
We sale product to individual customer and we provide a warranty on the product. after the usage of product some time they find out the any electric problem or some other problem on the same. we repaired but we charges the fees from them.My question is this income should be Indirect Income or Direct Income please explain
We are in to trading business of health care product, like Electric Massager Etc.
We sale product to individual customer and we provide a warranty on the product. after the usage of product some time they find out the any electric problem or some other problem on the same. we repaired but we charges the fees from them.My question is this income should be Indirect Income or Direct Income please explain
CA Sourabh Agarwal
(Expert)
26 December 2012
Though, in substance, case referred here is not the one of warranty. You are charging for something you should free of cost. Still the same is to be included as part of indirect income. (Other Income in revised schedule VI)
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