Sale of used oil

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Querist : Anonymous

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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.

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



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