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
This discussion clarifies how to report the conversion of a capital asset into stock in trade within your Income Tax Return (ITR). While there isn't a specific tab, you should declare the resulting capital gains alongside your inventories in the balance sheet. The new inventory will appear under current assets in the Balance Sheet schedule of your ITR 3.

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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