non trade investments
This query is : Resolved
16 October 2009
what do we mean by non-trade investments,pls support with example?
CA. B.SRINIVASULU
(Expert)
16 October 2009
Certain investments made by the firm or company not related to their trade.
For eg. If bhart petroleum invests in reliance petroleum it is called as trade investments.
If the same company invests in State Bank of India where they do not have any banking relationship with them then it will be termed as non trade investments.
For eg. If bhart petroleum invests in reliance petroleum it is called as trade investments.
If the same company invests in State Bank of India where they do not have any banking relationship with them then it will be termed as non trade investments.
Taranjit Singh
(Expert)
16 October 2009
https://www.caclubindia.com/forum/message_display.asp?group_id=13758
Follow this link please
Follow this link please
CA Suresh Choudhary
(Expert)
17 October 2009
Agree
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