Mistakes in Guidance notes

To
Fiscal Law Committee,
ICAI
New Delhi

First of all I compliment the Institute to come out with
supplementary Guidance Note consequent to changes made in VAT and
Section 40A(3) & FBT.

With reference to the Guidance Note, I would like to bring to your
kind notice the following clerical mistakes in figures mentioned
in examples.

1. In page No.4 "The Trading Account on "EXCLUSIVE METHOD", the
Rate of Closing Stock is mentioned as 3,30,000 instead of
3,00,000.

2. In page No. 10 "Manufacturing Account on "INCLUSIVE METHOD",
Rate of Manufacturing mentioned as 100 instead of 10.

Kindly verify the above mistakes at your end and rectify the
same.

Regards,

CA. V.M.V.SUBBA RAO
CHARTERED ACCOUNTANT
SECRETARY
NELLORE BRANCH