What is the difference between profit and gain?

Answer Posted / kavitha

profit is the term used when we get excess money while
purchasing ans selling goods or material.

gains we get as brokerage, comssion etc, getting for the
services.

Is This Answer Correct ?    17 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)

1580


WHAT IS THE PROVISION OF TDS RECEIVABLE AT THE TIME OF YEAR ENDING GIVE THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com

2825


is there any necessity to file TDS to purchase a thing even ater paying vat

1670


send me all current year taxation such that rates and exemptions or on which web site i have to prefer

1602


What is DSCR and how to calculate the same.

3640






what are the benifits available to become and EOU in all taxes, such as Income Tax, Sales Tax, Excise, Custom

1842


How do I get a C form with the bank Guarantee?

1337


What is the difference between excise & service tax?

692


Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.

1689


What is the eligibility criteria of C-Form(Manufacturing goods of borewell bits, Hammers, Drilling Tools and Air compressors, etc..). If such company will purchase safety shoes, buyer can eligible to issue C-Form?

5158


How We know we are liable for Profession Tax liability. I have an optics shop & I want PT Number so what should i do?

1912


I AM SAKTHIVEL,MY QUESTION IS 1.WHAT ARE THE LEDGER TO BE MAINTAINED FOR SERVICE TAX 2.KINDLY EXPLAIN WITH EXAMPLE FOR PURCHASE ALONG WITH SERVICE TAX 3.SALES ALONG WITH SERVICE TAX 4.IN TALLY E.R.P HOW I GROUP THE LEDGER 5.GIVE NECESSARY JOURNAL ENTRY FOR ALL SERVICE TAX RELATED TRANSACTION 6.ANY OTHER IMPORTANT NOTE U WISH TO INFORM ME 7.HOW I CROSS CHECK IT ### PLEASE HELP ME REGARDS SAKTHIVEL

1795


Who is an assessee?

828


Cenvat credit transaction journal entries. And what does the term reversal of credit means

1195


over all details about tax what is mean by headge fund and detail explanation?

1886