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Conversion of personal asset into stock
What is the treatment and effect on converting personal asset into stock.... reply me... urgent
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Sec 45(2) of the Income tax Act,1961 deals with the transfer of Capital Assets into Stock in trade. This section is an exception to the sec 45(1)
for information in detail visit:
https://profsindia.com/forum/topic/tranfer-of-assets-to-other/#post-5890
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