Method for valuation of closing stock
This query is : Resolved
16 January 2013
Regards !
What should be the best method for Valuation of Closing Stock as per Income Tax for a company/Concern who is dealing in various types of Iron & Steel products.
Thanks & regards
Aparajeet
9381323258
What should be the best method for Valuation of Closing Stock as per Income Tax for a company/Concern who is dealing in various types of Iron & Steel products.
Thanks & regards
Aparajeet
9381323258
Guest
Guest
(Expert)
16 January 2013
Basic method i.e. lower of cost or net realisable value.
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