Valuation of closing Stock
This query is : Resolved
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03 November 2020
For Experts opinion Please:
whether Lower of cost or realizable value for closing stock valuation in stock trading business is valid method under Income tax law.
whether Lower of cost or realizable value for closing stock valuation in stock trading business is valid method under Income tax law.
03 November 2020
Yes, it's a valid method under income tax law.
03 November 2020
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