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Disclosure of Stock of Principal Supplier (RM) in Books of A/c ended on Mar-2021, Income Tax

Issue Id: - 117104
Dated: 18-3-2021
By:- NISHANT SHAH
Disclosure of Stock of Principal Supplier (RM) in Books of A/c ended on Mar-2021

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Dear All Experts,

How to show stock (RM) lying of Principal Supplier for purpose of Job work given to Job worker in the books of Job Worker as on 31.03.2021. Job worker has to exclude such stock to arrive at his final profit for year ending as on 31.03.2021.

Please suggest how to report same in accounts?

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