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Valuation of closing Stock

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(Querist)
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.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 November 2020 Yes, it's a valid method under income tax law.
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krishna ac

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krishna ac (Querist)
03 November 2020 Appreciate & value your expert opinion
Thank you




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