Sale of used oil

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 February 2012 used oil getting while servicing vehicle in an automobile dealer. this used oil will sell by the firm. The income getting through this sale can be treated as the direct income of the company if yes, why it is? if no, what is the real treatment.

Guest

Guest (Expert)

02 March 2012 Sale of used oil will be direct income because it is incidental to main business.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

R M Shekhaliya

Amit Goyal

SHRI HARIRAO

Frank

Pushkar Nagda

Subscribe Now

Sale of used oil

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

CA Final

GST CONSULTANT

GST CONSULTANCY

Senior Executive

Manager- Finance and Compliance