Valuation of closing stock
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 June 2015
valuation of closing stock as per income tax section 145 and as per AS-2 please mention method of valuation.
Nikhil Kaushik
(Expert)
20 June 2015
what is your question friend? for income-tax purposes, you have to use FIFO basis on inclusive basis.
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