Yash SaxenaYash Saxena asked 3 years ago
1 Answers
RaviRavi Staff answered 3 years ago

Law i silent about it. 2 interpretations are possible either previous year end or current year end.
Why previous year because in case of turnover they say last year turnover. so as per this logic opening turnover is more relevant.
Now as a general rule where time is not specified we can take year end status.
both views should be specified

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