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Satendra Sharma (Student)     18 August 2009

sale of recharge card

I am an Accountant, I want to know that sale of Recharge coupun & E-top is Sale or not Sale. but it is transfer of money not a sale, as per RBI you can't do business of Money, please explain it.



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 1 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     19 August 2009

Mr. Sharma,

To regard an activity as a sale, there must be a course of dealings, either actually continued or contemplated to be continued with a profit motive and not for sport or pleasure.


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