A big gain in Section 45(2) of Capital Gain

Ajay Agrawal , Last updated: 28 March 2017  
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All cases related to conversion of capital asset into stock in trade are dealt by Sec 45(2) of Income Tax Act, 1961 at any point of time. Whenever a capital asset whether short term or long term is converted into stock in trade by an assessee it is deemed as transfer of capital asset and attracts ca

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Ajay Agrawal
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Category Income Tax   Report

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