Go AD-Free with CAclubindia Pro and get Daily WhatsApp Updates. Subscribe Now!

Tax treatment on conversion of stock in trade into capital asset

This query is : Resolved

RAMAKANT HEMANI (Querist)
Follow

02 August 2015 what is the tax treatment of conversation of stock into capital asset & whether it is transfer or not & in what head income is to be taxed ?

Message likes : 1 times

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

02 August 2015 01. Read section 45(3) and 45(4).

02. Assuming your case does NOT fall under that, the treatment would be....debit drawings account. In the case of proprietory concern, it is not regarded as transfer..(Depending upon the facts of the case, which may differ drastically from case to case)

Better if you could share your exact situation.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Pavithra Doss

Phani

Mohit Kumar

Santosh Behera

CA Uzma Khan

Subscribe Now

Quick Links

Browse by Category

Latest Job Openings

View all

Featured 02 May 2026

Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details

Featured 29 April 2026

Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details

Featured 14 April 2026

GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 13 April 2026

GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 28 March 2026

Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details

Featured 28 March 2026

CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details

Featured ARTICLESHIP 19 March 2026

Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details

Featured 14 March 2026

Associate CA

N N V Satish&co

Hyderabad

View Details