What is the treatment of conversion or treatment of a capital asset as stock-in-trade?

CA Santhosh Gupta Kethepalli , Last updated: 12 August 2020
Share

1. General Provision [Sec.45(1)]:- Any profits or gains arising from the transfer of a capital asset effected in the previous year, shall be chargeable to Income-tax under this head in the previous year in which the transfer took place. 2. Special Case [Sec.45(2)]:- A person who is the owne

You have reached daily limit of 2 Free Articles. To view this or other Articles please subscribe to CCI PRO :

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 1999/-

Offer Price : INR 999/-

Duration : 1 year
(Prices Inclusive of GST)

Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)

Published by

CA Santhosh Gupta Kethepalli
(Chartered Accountant)
Category Income Tax Report

What is the treatment of conversion or treatment of a capital asset as stock-in-trade?

You have reached daily limit of 2 Free Articles. To view this or other Articles please subscribe to CCI PRO :

Stay updated! Stay ads free

Original Price : INR 1999/-

Offer Price : INR 999/-

Related Articles

Popular Articles

Trending Online Classes

Browse by Category