ICDS-inventory valuation
sharfas (article clerk) (55 Points)
27 September 2018
What is the tax effect on ICDS -Valuation of inventories.Any calculation is there.
1 Replies
sanjith kotni
(Articled assistant)
(663 Points)
Replied 27 September 2018
the difference between opening and closing stock after inclusion of taxes paid wrt those stocks should be added to actual closing stock shown in balance sheet
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