Capital Gain on Conversion of Capital Asset Into Stock

Amit Bajaj , Last updated: 07 March 2011  
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Section 45(2) of Income Tax Act deals with the cases where a capital asset is converted into stock in trade. Whenever a capital asset is converted into stock in trade by an assessee it is deemed as transfer of capital asset and attracts capital gain provisions, inspite of

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Published by

Amit Bajaj
(Tax Attorney)
Category Income Tax   Report

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