Capital gain tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2014
Can once converted Capital Asset (Land ) into Stock in trade could be converted again into Capital Asset. If Yes then what are the tax implications.
CA Hardik Bunha
(Expert)
01 March 2014
yes, definitely. there is no bar of tax when stock-in-trade converted to capital asset.
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