Stock damaged by fire
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 April 2017
Dear Experts,
The stock has been damaged by fire. Plz tell me the accounting treatment of the same,
Also tell me weather the stock loss due to fire is allowed in income tax or not
Regds
Ankur
The stock has been damaged by fire. Plz tell me the accounting treatment of the same,
Also tell me weather the stock loss due to fire is allowed in income tax or not
Regds
Ankur
19 April 2017
Charge from Profit and Loss and it shall be allowed in Income Tax
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