CONVERSATION OF CAPITAL ASSET INTO STOCK IN TRADE
Devin Taunk (22 Points)
16 August 2022
where to show conversation of capital asset into stock in trade in ITR.
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 16 August 2022
File ITR 3, Declare the capital gain arrived along with the inventories in Balance sheet.
Devin Taunk
(22 Points)
Replied 16 August 2022
Is there any separate tab where it can be declared or it is to be shown seperately
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 16 August 2022
No special provision, new inventory will be visible under current assets in Schedule BS....
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