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CONVERSATION OF CAPITAL ASSET INTO STOCK IN TRADE
where to show conversation of capital asset into stock in trade in ITR.
Replies (3)
Quick Summary
File ITR 3, Declare the capital gain arrived along with the inventories in Balance sheet.
Is there any separate tab where it can be declared or it is to be shown seperately
No special provision, new inventory will be visible under current assets in Schedule BS....
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