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14 July 2012 A firm is engaged in the business of purchase sale of Nokia handsets(Authorised).However it also sells airtel recharge coupons in bulk.Is it required to show seperate profit from each activity?Thanx in advance
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
14 July 2012 you have to maintain separate stock records for each business activity hence profit also can be calculated for each activity.......

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