in a firm concern want to be close but in itr return final stock value is 40 lakhs. all are dead stocks how an we close such situation with out tax . how can we return filling.
Shahul Batcha (22 Points)
13 January 2018in a firm concern want to be close but in itr return final stock value is 40 lakhs. all are dead stocks how an we close such situation with out tax . how can we return filling.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185405 Points)
Replied 13 January 2018
Either dispose off at best offered rate....... or get valuation certificate from registered valuer and close the chapter.
Shahul Batcha
(22 Points)
Replied 15 January 2018
sir , can we give offered rate then how can we declare in itr. what the proof we need. what the section need to file.
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)