Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 17 January 2017
First of all, There will be capital gains liability for the conversion to stock in trade.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 17 January 2017
If the firm is in business of construction, it can offer its (revenue) income to be assessed u/s. 44AD.
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