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Capital gain

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(Querist)
25 November 2013 can i convert my agriculture land in stock in trade
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
25 November 2013 You can do. However the same is subject to the policy of the Local Authority or Govt. about NA conversion. As and when NA is completed, you can say with "proud" that you have converted your agriculture land into stock in trade.
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pramod bhandari

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pramod bhandari (Querist)
03 January 2014 we want to sale agriculture form house therefore we don't want to convert in NA .Now we can conver in to stock in trade or not
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
05 January 2014 The query is not clear. Please check the word "form".
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Whether you want to sale the agriculture land or a Farm House ?
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