Revaluation and capital gain
This query is : Resolved
11 December 2013
whether stock in trade can be revalued? tax implication w r t 45 (4) of income tax act?
11 December 2013
Stock in trade is not a capital asset.
Query for applicability of Section 45(4) may kindly be redrafted after going through the Section referred.
.
Revaluation of stock have its impact on the current profit and loss of the enterprises so it can be shown in the P&L A/c.
.
Query for applicability of Section 45(4) may kindly be redrafted after going through the Section referred.
.
Revaluation of stock have its impact on the current profit and loss of the enterprises so it can be shown in the P&L A/c.
.
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
- DUE DATE FOR ITR FILING
- 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)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
