Treatment of Carbon Credits

[vaidehi chawhan]

Please Opine as to the method of valuation of Carbon Credit Points. Should it be shown as income or in Balance Sheet as Intangible assets. Currently it is valued in terms of Euro Currency.

AI Summary

Guidance Sought on Valuing Carbon Credits for Income Tax: Income or Intangible Assets? A query was raised regarding the appropriate method for valuing carbon credit points for income tax purposes. The question asked whether carbon credits should be recorded as income or as intangible assets on the balance sheet and noted that they are currently valued in terms of Euro currency. A reply inquired if the issue had been clarified, requesting further information if necessary.