banner_ad

Capital gain nad business income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 November 2012 Dear Sir\Mam

Ass per the provisions of section 45(2) if a capital asset is converted into stock in trade by an assessee then fair market value of such asset on the date of conversion is considered to be the full value of consideration, for the purpose of capital gain computation.
In a practical case how is such fair value calculated??
For example if we take Land and building as an example. how will we calculate the fair value of such land and building on the date of conversion?
Kindly guide me through this problem

regards
Jayant Agarwal
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
12 November 2012 The valuation is being done by GAVs. (Government Approved Valuer)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details