Valuation of shares

As per AS 13, current investments should be recorded at  cost price or Market value whichever is lower.

the difference should be reported in p/l ac.

Originally posted by : CA Pooja Agarwal
	As per AS 13, current investments should be recorded at  cost price or Market value whichever is lower. the difference should be reported in p/l ac.

Cost price only to be shown in current investments. No difference in P & L a/c. Since market value is not to be recorded in financial accounts.

thank you

but what about income tax

Originally posted by : Rama chary
	Originally posted by : CA Pooja Agarwal As per AS 13, current investments should be recorded at  cost price or Market value whichever is lower. the difference should be reported in p/l ac. Cost price only to be shown in current investments. No difference in P & L a/c. Since market value is not to be recorded in financial accounts.

Mr.Rama i request you to read AS 13.

no treatment as per income tax..however if its disposed off, the loss should be treated as short term capital loss

thanks a lot mam