- Shweta Verma
March 23, 2026
(Inventory Valuation Report under Section 268(5)(ii) of the Income-tax Act, 2025 read with Rule 171
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Form 101 is an Inventory Valuation Report to be furnished by a Cost Accountant as per directions received from the Assessing Officer with prior approval of the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner of Income-tax under Section 268(5)(ii) of the Income-tax Act, 2025. It ensures accurate valuation of inventories for tax computation and verification purposes, in line with the Act and the Income Computation and Disclosure Standards (ICDS).
https://www.incometaxindia.gov.in/documents/d/guest/form-101-faqs
Author Bio
Shweta Verma
Company: TVA & CO LLP
Designation: CS
Location: -
Gender: female
CS Trainee View Full Profile
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