Valuation of closing stock
Querist : Anonymous
whether vat is includable in valuation of closing stock? plz clrfy my doubt
Querist : Anonymous
But Sec 145A of income tax saying , while calculating value of purchases, sales and inventories we should consider the any tax paid .
Plz let me know.
Taxes like Octroi and local taxes will be the part closing Stock..
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- Tax on Deemed Capital Gain
- TDS on property - Form 141 query
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- Error in uploading Form 10BD
- Loss of interest in PF transfer from EPFO to Trust
- ASMT-10 received from A O
- Average Cost Of High Quality Diamonds
- Taxability of credit in canara bank ET & T section (NRO)
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
