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Conversion of capital asset into stock in trade

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2011 A Farmer Having Agricultural Land Has Applied For Conversion of Land into Plot on mar. 2009
.Conversion Has Taken Place on June 2010.So,Year of Conversion is?i.e; 08-09 or 10-11.
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vipul Shah

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vipul Shah (Expert)
31 December 2011 Date of conversion will be June 2010.

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