trade-investment
This query is : Resolved
22 November 2007
What do you mean by trade and non-trade investment ? Investments by a firm in shares of other companies is a trade investment or not ? Explain with example.
22 November 2007
If the investment is a requirement to run the business , then it is Trade Investment. Otherwise, it is non trade investment.
eg., Deposit to be made with the Governme nt to take part in the Tender Auction. It is Trade Investment because the relevant industry requires it.
Investment in shares of another company does not seem to be a requisite for any industry which is not an investment company. So, in this case, it is non trade investment.
eg., Deposit to be made with the Governme nt to take part in the Tender Auction. It is Trade Investment because the relevant industry requires it.
Investment in shares of another company does not seem to be a requisite for any industry which is not an investment company. So, in this case, it is non trade investment.
22 November 2007
Trade Investment : Intention is for business.
Non-Trade Investment : Other Income.
Non-Trade Investment : Other Income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- TAN for Partnership
- Last year TDS Claim
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- TDS related Query_Liquidated Damages
- What is provisional receipt number for generation of form 16A
- NON- SUBMISSION OF LLP FORM 3
- Long Term Service award taxability in hands of company
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
