Answer / sridharan.v

Incomes are classified inti Two Types:-
i. Direct Income
ii. indirect income


i.Direct income is one whih is earned directly by way of
bussiness Activites.

ii. Indirect incomes is one which is earned by way of Non-
Bussienss activeties i.e Sale of Old News papeers, Sale of
cartan boxes etc...

Answer / rahul kumar soni

THERE ARE TWO TYPE OF INCOME.......
1-DIRECT INCOME
2-INDIRECT INCOME


1-DIRECT INCOME-DIRECT INCOME IS ONE WHICH IS EARNED BY
PROFESSIONAL WORKS. EX.. SALE OF THE GOODS.

2-INDIRECT INCOME-INDIRECT INCOME IS ONE WHICH IS EARNED BY
THE EXTRA WORKS. EX... RECEIVING INTEREST,RECEIVING
DISCOUNT, PROFIT ON THE SALE OF OLD ASSETS.

Answer / k. srinivasa rao

direct income basing of company nature of business eg. for
construction company - sale of flats, sale of plots,
contract income received, 2. for trading companies - sale
of the materials

if the company received any other income i.e not relating
to the nature of its business i.e indirect income.

i.e dividend on chits (not for chit fund companies),
interest received on f.d's, sale of scrap, any misc. income

Answer / nagarajan

Incomes are classified inti Two methods:-
1). Direct Income
2). indirect income


1).Direct income is one whih is earned directly by way of
bussiness Activites.

2). Indirect incomes is one which is earned by way of Non-
Bussienss activeties i.e Sale of Old News papeers, Sale of
cartan boxes etc.

Answer / ajay dash

Direct Income:- The Income gained or earned directly in any
economic activity either in business or in job e.g. salary
of a slaried person or profit earned on yhe sale of a
product.

Indirect Icome:- The extra income earned, may or may not
belong to any business activity e.g interest recieved on a
fixed deposit of capital, recieving discount etc.

Answer / ravindra

DIRECT is the income which is directly earned eg - profit
is also regarded as income because it is derived after
deducting all the expenses eg - income tax is leived

indirect income is the income which is indirectly earned
may be received in the form of lotteries,

Answer / gajendra yadav

direct income basing of company nature of business and such
incomes may be releted next year eg. for
construction company - sale of flats, sale of plots,
contract income received, 2. for trading companies - sale
of the materials

if the company received any other income i.e not relating
to the nature of its business i.e indirect income.

i.e dividend on chits (not for chit fund companies),
interest received on f.d's, sale of scrap, any misc. income
and unearned commission and unscured profit & reserve for
baddebts.

Answer / padma

The classification of direct incomes & indirect incomes is
based on the nature of the business. If the incomes are
directly connected with the business, then it is termed as
direct incomes. For example all fees collections are direct
income for an Educational Institution. Similarly if the
incomes are not directly connected with the business, then
it is termed as indirect incomes. For examples interest
from deposits etc...

Answer / ravindra

if the income is related to the nature of the business then
it will be treated as irect income if the income is not
related to the nature of the business they are doing or
registered then it would be treated as indirect income.

Answer / amit chandra

Direct Income:- The Income gained or earned directly in any
economic activity either in business or any job
or
The incom gained or earned directly which is the business
activities and realted to economy
e.g. salary
of a slaried person or profit earned on yhe sale of a
product and sale of plots and flates.

Indirect Icome:- The incom earned by other sources which is
our direct incom.
The extra income earned, may or may not
belong to any business activity
e.g interest recieved on a
fixed deposit of capital, recieving discount,profit earned
by the sale of outside assets which is not related to the
business activities

EXPAND______________RRC

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