Closing stock
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 December 2011
While computing the income from Business & Profession for Income Tax purpose whether closing stock from trading business to be included in income ?
25 December 2011
Yes opening stock and closing stock has to be included while calculating business income.
25 December 2011
Yes opening stock and closing stock has to be included while calculating business income.
25 December 2011
Yes closing stock will on Income side and opening stock will be on expenditure side.
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