a persons has stock in his books of accounts. A major part of stock has become outdated and useless, so the dealer wants to sale this stock in scrap and book loss on it. what will be the impact in Income Tax and GST? Please guide.🙏
NISHANT SHAH (Tax Practioner) (230 Points)
27 February 2021a persons has stock in his books of accounts. A major part of stock has become outdated and useless, so the dealer wants to sale this stock in scrap and book loss on it. what will be the impact in Income Tax and GST? Please guide.🙏
akshay parakh
(Chartered Accountant)
(394 Points)
Replied 28 February 2021
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