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AS-9

This query is : Resolved 
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(Querist)
18 July 2010 WHAT IS MEANING OF THIS?

REVENUE DOES NOT INCLUDE
CERTAIN TRANSACTIONS OR EVENTS THAT RESULT IN UNREALISED OR REALISED GAINS NAMELY

NATURAL INCREASES IN HERDS AND AGRICULTURAL OR FOREST PRODUCTS.
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Ca Aashish Upadhyay

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Ca Aashish Upadhyay (Expert)
25 July 2010 It simply means as per my opinion

NATURAL INCREASES IN HERDS AND AGRICULTURAL OR FOREST PRODUCTS. If during the course of planation or harvest of any agri product..some other products are gained or loosed it will not be treated as loss or revenue!.

In other words suppose you have planted a Mango tree and by the time mango that mango tree grows another Mango tree is also planted (naturally by the side) it will not be a kind of revenue!
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