Firm close

in a firm concern want to be close but in itr return final stock value is 40 lakhs. all are dead stocks how an we close such situation with out tax . how can we return filling.

Replies (3)

Either dispose off at best offered rate....... or get valuation certificate from registered valuer and close the chapter.

sir, please give me the detail thing in itr

sir , can we give offered rate then how can we declare in itr. what the proof we need. what the section need to file.

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