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Conversion of stock in trade into asset of firm

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30 Points Joined July 2016
Can we convert our old stock into Asset in a Proprietorship Firm? What are the rules for such conversion? How we claim depreciation?? from the date of conversion or from the date of Original Purchase
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On 17 September 2016 at 12:12 Report
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Practising CA
8954 Points Joined December 2013
Refer Sec 45 (3) and 45 (4) of Income Tax Act.
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On 25 September 2016 at 11:12

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