ICMAI Has Released a Guidance Note on Inventory Valuation Under the Income Tax Act 1961
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- By Chetan Kulasri
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- Last Updated on 15 May, 2024
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The Cost Accounting Standards Board of the Institute of Cost Accountants of India (ICMAI) has issued a guidance Note on Inventory Valuation under the Income Tax Act, of 1961 which will help the members of the Institute supplement their efforts in the area of Inventory. It has been designed to assist the auditors, practicing professionals, and other stakeholders in better understanding the provisions relating to Form 6D for a report of inventory valuation under section 142(2A) of the Income Tax Act, 1961.
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