Adventure in the nature of trade
This query is : Open
Vishisht Bajal
(Querist)
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
(Expert)
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
(Querist)
18 September 2017
Didn't get it..🤔🤔
CA Rashmi Gandhi
(Expert)
18 September 2017
Any transaction which is not of regular nature.....
Vishisht Bajal
(Querist)
18 September 2017
Other than main business..??
Vishisht Bajal
(Querist)
18 September 2017
Can you please give any other example..?
CA Rashmi Gandhi
(Expert)
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
(Querist)
18 September 2017
okay... got it..!!
Thank you so much ma'am
Message likes :
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CA Rashmi Gandhi
(Expert)
18 September 2017
Welcome..... Pleasure is mine....
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