capitalgains
This query is : Resolved
G.SUNILKUMAR
(Querist)
05 December 2007
under the head capital gains, what are the tax implications if stock in trade is converted into capital asset. Example a land dealer, if he wants to convert the stock in trade ie land, into his personal asset for his own use, what are the documentary evidence he has to make?
kartik_somu
(Expert)
19 March 2008
He has to prepare an agreement and register the land in his name.
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