https://www.taxtmi.com/forum/issue?id=117104 The job worker must show supplier-owned raw material stock separately in his books, exclude that stock from closing stock and from the computation of final profit, and include an appropriate disclosure or note stating the materials are held on behalf of the principal supplier as at year end. en-us Thu, 18 Mar 2021 12:39:20 +0530 Thu, 23 Jan 2025 15:54:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117104 The job worker must show supplier-owned raw material stock separately in his books, exclude that stock from closing stock and from the computation of final profit, and include an appropriate disclosure or note stating the materials are held on behalf of the principal supplier as at year end. Discussion-Forum Income Tax Thu, 18 Mar 2021 12:39:20 +0530 https://www.taxtmi.com/forum/issue?id=117104