Inventory

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 June 2012 sir;
how we do the inventory valution in tax audit, whether as per A.S.-2 or as per section 145A of income tax act.

16 June 2012 Section 145A shall apply for Inventory Valuation.
However, in most of the cases the amount of inventory comes same.



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