Conversion of Capital Asset (Shares) into Stock in trade

ITR 699 views 3 replies

In which schedule do I disclose the Capital Gains on conversion of Capital Asset (Shares) into Stock-in-trade in ITR-3? 

Replies (3)

Unless you sell them, it is not disclosed in ITR, except in Schedule BS.

Conversion of capital asset to stock in trade provided there are other conditions to be satisfied.

If it is converted and sold in the same FY, where and how should I disclose it?


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