17 October 2017
A company is engaged in the business of real estate. It had purchased flats in the year 2009. As on 2017, the company wants to convert the flats from stock in trade to investment. My queries relating to the same are: 1. Period of holding for the purpose of ascertaining whether it is long term or short term would be reckoned from 2009 or 2017? 2. What will be the base indexation? Will it be 2009 or 2017?
19 October 2017
When the property would be finally sold off, then what shall be the base year? Year on which the stock in trade was converted into Asset will be base year
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