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.
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