Inclusion of ex.duty in clg stock
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 November 2012
is there any evasion being done in excise or incme tax if excise duty has been included in closing stock and equal provision created on liablities side, also in trading and profit and loss a/c closing stock is exclusive of excise duty....i.e. no effect in p/l as such
04 November 2012
If the consistency principle is followed, then there is no any breach of either escise or income tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Sale of goods to the purchasing party
- Resignation of auditor and appointment and cfss
- OLD REGIM AND NEW REGIM
- SCARP SALES - GST INVOICE & GST APPLICABILITY
- Clarification on 15% Saudi Withholding Tax and Refund Eligibility
- RELATED TO TRIBUNAL APPEAL
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- Sec 44ada applicable only or both
- Compulsory aqisation of Agriculture & Non Agriculture land are taxable or not ?
- FORM 10BB/10B REQUIRED OR NOT
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
