Valuation of Closing Stock
This query is : Resolved
28 March 2009
Hellow,
Please let me know how an approved government values stock of inventory? On what basis they calculates the Prices of an inventory?
In one case they have adopted Avg Price Per Unit...What it mean? Is it a Cost P.U or Mkt Value P.U
Please let me know how an approved government values stock of inventory? On what basis they calculates the Prices of an inventory?
In one case they have adopted Avg Price Per Unit...What it mean? Is it a Cost P.U or Mkt Value P.U
30 March 2009
cost or market value which ever is less
wat ever might be the situation u should consider the lesser price
wat ever might be the situation u should consider the lesser price
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Traces submitting correction statement error
- Banking Related Issue
- TDS on rent received on hardship compensation being rent on redevelopment of building
- NRI INSURANCE ADVISOR
- Reporting in TDS return
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- IT returns for fresh job holders
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- 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
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
