Question
On what value of stock-in-trade does Zakaat have to be paid? What value should be given to dead stock?
Answer
Zakaat has to be paid on the current wholesale price of the stock. If some stock is dead, its value may be reduced for Zakaat purposes.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 23 No 05
- PDF page
- 3
Appears under Questions and Answers (approximate).