Give the tax treatment if stock in trade transfer to capital
This query is : Resolved
Manoj kumar jain
(Querist)
29 November 2012
give suggestion about assets transfer to capital assets from stock in trade
04 December 2012
There is NO tax treatment when stock-in-trade is converted into a capital asset.
When such converted capital asset is sold, capital gain shall arise.
When such converted capital asset is sold, capital gain shall arise.
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