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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

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

Case Laws     Income Tax

March 10, 2014

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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