New Inventory Valuation guidelines under Income Tax

Vivek Jalan , Last updated: 14 October 2023  
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The Finance Act 2023 has taken a major step forward by introducing the concept of inventory valuations by Cost Accountants in specific cases, as granted by Section 142(2A) of the Income Tax Act. The Finance Bill 2023 aims to amend Section 142 of the Income Tax Act relating to inquiry before assessme

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Vivek Jalan
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Category Income Tax   Report

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