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Stock checking in tax audit

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(Querist)
15 September 2012 SIR/MADAM,
HOW TO CHECK THE STOCK VALUATION IN TAX AUDIT??
IN CASE IF THE RECORDS ARE MAINTAINED COMPUTERISED..

WHAT WILL BE THE PROCEDURE..?
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Amol S Joglekar

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Amol S Joglekar (Expert)
15 September 2012 Whether computerised or not, the physical stock checking can be carried out the way it used to be carried out before computerisation. Take a print out from the system and verify the physical stock. Jot down the differences if any.
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SANYAM ARORA

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SANYAM ARORA (Expert)
15 September 2012 Agreed with Mr Amol
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