Tax treatment in case of Conversion of Capital Asset into Stock in Trade u/s 45(2)
Transfer: Conversion of Capital Asset into Stock in Trade is a transfer u/s 2(47). Year of Chargeability: The Capital Gain is taxable in the previous year in which converted stock is sold or otherwise transferred. Computation: In the year of sale or transfer of stock, the income shall be computed in the following manner Capital […]
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