Jyothis (Article) (1127 Points)
12 September 20171.Date of purchase of shares as inventory: 1.5.15
2.Conversion of inventory into investment on 31.3.2015 Deemed businesses income taxable/not- if yes under which head.
3. SALE of investment on 31.10.2016
Can LTCG exemption under 10(38) be claimed by taking date of acquisition as date of purchase of shares rather than date of conversion.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 12 September 2017
"Conversion of inventory into investment on 31.3.2016"
No
Jyothis
(Article)
(1127 Points)
Replied 13 September 2017
Whether Gain on convesion of Stock in trade into Investment is taxable as Business Income.
Jyothis
(Article)
(1127 Points)
Replied 13 September 2017
Whether Gain on convesion of Stock in trade into Investment is taxable as Business Income.
Jyothis
(Article)
(1127 Points)
Replied 15 September 2017
Jyothis
(Article)
(1127 Points)
Replied 15 September 2017
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