The capital gain, though arising in the year of ...

Capital Gain Tax Deferred Until Asset Sale Despite Recognition When Converted to Stock-in-Trade Under Tax Rules.

March 10, 2014

Case Laws Income Tax AT

The capital gain, though arising in the year of conversion/treatment as stock-in-trade, so that the same is to be computed applying the fair market value on the date of conversion/treatment, the charge to tax is deferred to the year of actual sale or transfer of the asset - AT

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The capital gain, though arising in the year of ...

Capital Gain Tax Deferred Until Asset Sale Despite Recognition When Converted to Stock-in-Trade Under Tax Rules.

March 10, 2014

Case Laws Income Tax AT

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