Valuation of closing stock
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 October 2010
In case of shares how shares is to be valued at cost / cost or mp whichever is less when assessee is valuing other stock eg cloth at cost price.Actually in a partcular case due to fall in mp of shares loss will be huge if valued at mp?what to do? plz reply?
01 November 2010
if u r holding shares as a long term investment, u can value them at cost, unless there is a permanent diminution... however in case of market fall and u can establish the fact that there is no/very minimal possiblity that the share price will go up or reach its cost, u can provide for that fall in MP.
In case u r holding shares as a short term investment, u have to value them at cost or MP which ever is lesser..
Even the loss is huge, u have to book the loss in that year....
In case u r holding shares as a short term investment, u have to value them at cost or MP which ever is lesser..
Even the loss is huge, u have to book the loss in that year....
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
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Management System (IMS)
- Condonation . E-Verification of last year return .
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- TDS Return Q1 FY 2026-27
- DIN reactivation
- Rental income gst and it purpose
- Reopen of assessment proceeding
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
