Nitesh Parmar (Chartered Accountant) (388 Points)
24 June 2016
Muhammed
(Chartered Accountant)
(251 Points)
Replied 24 June 2016
1. Development charges incurred upto the date of conversion of capital asset to stock in trade can be claimed as cost of improvement in computing capital gains
2. Development charges incurred after the date of conversion of capital asset can be claimed as business expense and can be charged to Profit & Loss A/c
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