Trade investment v/s non trade investment

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(Querist)
29 December 2014 Investment made for replacement of asset- is trade/ non trade
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Saravana Perumal Aiyathurai

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Saravana Perumal Aiyathurai (Expert)
29 December 2014 To qualify a investment as trade investment it should aid in running the trade.
Ex: Money deposited with bank for providing bank guarantee to a foreign supplier.

In the present case you invested money somewhere to earn income, with out which your business can run. Hence it is a non trade investment only
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Rupesh Jain

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Rupesh Jain (Expert)
29 December 2014 it is non trade. its not required for running of business.
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Rupesh Jain

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Rupesh Jain (Expert)
29 December 2014 it is non trade. its not required for running of business.

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