Stock checking in tax audit
This query is : Resolved
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..?
HOW TO CHECK THE STOCK VALUATION IN TAX AUDIT??
IN CASE IF THE RECORDS ARE MAINTAINED COMPUTERISED..
WHAT WILL BE THE PROCEDURE..?
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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15 September 2012
Agreed with Mr Amol
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