Loss of stock
This query is : Resolved
28 September 2015
dear frnzz
I have a client have damaged goods rs 1108000
and insurance claim received 1106800
what is the treatment under income tax.
Please answer as soon as possible with detail
28 September 2015
the actual loss is deductible viz 11,08,000-11,06,800 = 1,200 is deductible expenditure
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