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investment

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(Querist)
23 November 2007 Is investment in shares of subsidiary companies a Trade-investment or non-trade investment
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R.V.RAO

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R.V.RAO (Expert)
23 November 2007 IF THE INVESTMENT CAN BE PROVED TO HAVE BEEN DONE FOR THE BUSINESS OF THE COMPANY(EITHER FOR ITS CORE OR PRINCIPAL BUSINESS OR IN FURTHERANCE OF ITS MAIN OBJECTS),YES,IT IS TRADE INV.
OTHERWISE IT IS NON TRADE INV.
R.V.RAO
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KAAPIL

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KAAPIL (Expert)
23 November 2007 It is non-trade investment.
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