Conversion of Stock-in-Trade into Capital Asset

February 05,2018
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CA Dr. Vardhaman Jain

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  • Karteek on Feb 20,2018

    I have one question: When there is conversion of stock in trade to capital asset then do we have two taxes i.e. capital gain (when capital asset is sold) and business income (when conversion of stock in trade to capital asset) ?

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