https://www.taxtmi.com/acts?id=48721 Clause 277 prescribes that inventory for business income is valued at the lower of actual cost or net realisable value under the income computation and disclosure standards, with purchase, sale and inventory valuations adjusted to include any tax, duty, cess or fee actually incurred to bring goods or services to their location and condition. Securities inventories are addressed separately, with unlisted or irregularly quoted securities recognised at actual cost and other securities valued at lower of cost or net realisable value, with category-wise comparisons and special banking institution rules. en-us Fri, 14 Feb 2025 11:05:44 +0530 Fri, 14 Feb 2025 11:05:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48721 Clause 277 prescribes that inventory for business income is valued at the lower of actual cost or net realisable value under the income computation and disclosure standards, with purchase, sale and inventory valuations adjusted to include any tax, duty, cess or fee actually incurred to bring goods or services to their location and condition. Securities inventories are addressed separately, with unlisted or irregularly quoted securities recognised at actual cost and other securities valued at lower of cost or net realisable value, with category-wise comparisons and special banking institution rules. Act-Rules Bills Fri, 14 Feb 2025 11:05:44 +0530 https://www.taxtmi.com/acts?id=48721