Tag: inventory valuation

  • Draft tax form for firms to report inventory valuation out

    Draft tax form for firms to report inventory valuation out

    The Central Board of Direct Taxes on Wednesday released the 13 page draft form 6C, which will be used to report the inventory valuation in case of special audit of accounts directed by assessing officer. The businesses will also have to provide valuation of raw material, date of purchase, use of the inventory, valuation of…

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