4 Replies
Kapadia Pravin
(17259 Points)
Replied 23 September 2019
Hitesh rawal
(402 Points)
Replied 24 September 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 24 September 2019
1. Sec 145A deals with "Method of Accounting" in relation to inventory (majorly) and sale and purchase of goods and services and adjustments relating to any tax, duty, cess or fee (by whatever name called).
2. So, it deals with how various types of inventories are to be valued as per Income Computation and Disclosure Standards (ICDS).
Please correct me if the above solution has an alternative view.
Hitesh rawal
(402 Points)
Replied 25 September 2019
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