What is the difference between 'adventure in nature of trade' and 'trade', as per Income Tax Act, 1961.
s.s.nataraj gupta
S.S.Nataraj Gupta (Employee/student) (88 Points)
16 May 2009What is the difference between 'adventure in nature of trade' and 'trade', as per Income Tax Act, 1961.
s.s.nataraj gupta
Sachin
(Chartered Accountant)
(419 Points)
Replied 16 May 2009
Dear S S Natraj Gupta,
There is very slight difference in the adventure innature of trade and trade. This is only motive to do the particular activity. Write me if you more clarification on it. my email id is sachinagarwalcallb @ gmail.com
Thanks
Sachin Agarwal
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