Sec.145A
This query is : Resolved
11 July 2010
That section speaks about the method of accounting in certain cases. Accordingly, the valuation of purchases, sales and inventory shall be accounted-
1) in accordance with the method of accounting regularly employed by the assessee; and
2) further adjusted to include the amount of any tax,duty,cess or fee paid to bring the goods to the place of the assessee as on the dateof valuation.
1) in accordance with the method of accounting regularly employed by the assessee; and
2) further adjusted to include the amount of any tax,duty,cess or fee paid to bring the goods to the place of the assessee as on the dateof valuation.
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