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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Valuation of the closing stock of shares on the basis of “since ...


Clause 8 of AS-4: Valuing Closing Stock of Shares Using "Since Realized Value" for Post-Balance Sheet Events.

December 14, 2018

Case Laws     Income Tax     HC

Valuation of the closing stock of shares on the basis of “since realized value” - such contingencies are clearly covered in Clause 8 of AS-4, which deals with events occurring after the balance sheet date.

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