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Capital gains

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(Querist)
07 February 2014 Meaning of conversion of capital asset into stock-in-trade?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
07 February 2014 It means some assets were held as capital asset say by a gold dealer for his personal purpose and later it was offered for sale this means conversion of capital asset to stock in trade as gold is stock for gold dealer in this case.
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