Adventure in the nature of trade

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Vishisht Bajal (Querist)
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17 September 2017 Can anybody explain in detail the meaning of Adventure in the nature of trade...? And please, an example is requested by my side...

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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17 September 2017 Adventure is one tym transaction.. For example you go to some exhibition or mela for trade purpose & generally you do not deal in this goods.Then such transaction is adventure in nature of trade

Vishisht Bajal

Vishisht Bajal (Querist)
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18 September 2017 Didn't get it..🤔🤔

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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18 September 2017 Any transaction which is not of regular nature.....

Vishisht Bajal

Vishisht Bajal (Querist)
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18 September 2017 Other than main business..??

Vishisht Bajal

Vishisht Bajal (Querist)
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18 September 2017 Can you please give any other example..?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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18 September 2017 Your business is of girlswear but you get an opportunity to open a shop in exhibition for footwear & you accept such offer. Now such transaction is not a regular one but it is one time to earn profit. So it is adventure.

Vishisht Bajal

Vishisht Bajal (Querist)
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18 September 2017 okay... got it..!! Thank you so much ma'am

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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18 September 2017 Welcome..... Pleasure is mine....

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