Cost of goods sold calculation, Income Tax

[Remesh Kumar]

I have purchase 10 no's of batteries at a rate of ₹ 1000/piece.Manuacturer offered 1 battery free of cost.Delivered 11 batteries.I sold 5 batteries at a rate of 1200/piece.How the cost goods sold Will be calculated

Posts / Replies

[KASTURI SETHI]

Fool proof advice should be sought from CMA !

[Ganeshan Kalyani]

Rightly said by Sri Kasturi Sir. Cost accountant is the right person to answer your query. We may attempt to reply . But it is better to knock the right door.

Here in TMI list of experts is available wherein you can find one to seek solution.