Definition of business
This query is : Resolved
12 June 2014
Can we define the business on the basis of sale?
In other words if sale proceeds are coming then u r doing business otherwise u r not doing any business?
In other words if sale proceeds are coming then u r doing business otherwise u r not doing any business?
13 June 2014
not necessarily. for charitable entities, sale may not amount to doing business. Also, there may be cases where you are doing business but there are no sales for reasons such as pre-launch research, extended slack period in markets etc
however, in generality, sales would amount to doing business.
however, in generality, sales would amount to doing business.
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