Computation of profit - sale of asset after conversion from ...

Calculating Profit on Asset Sale: Section 45(2) Involves Capital Gains and Business Income from Stock-in-Trade Conversion.

March 24, 2018

Case Laws Income Tax HC

Computation of profit - sale of asset after conversion from capital asset to stock-in-trade - Apply the provisions of Section 45(2) of the Act and compute the capital gains upto to the date of conversion into stock in trade, and thereafter on actual sale of the land i.e. the difference between the value of sale and stock in trade to be considered as business income. - HC

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Computation of profit - sale of asset after conversion from ...

Calculating Profit on Asset Sale: Section 45(2) Involves Capital Gains and Business Income from Stock-in-Trade Conversion.

March 24, 2018

Case Laws Income Tax HC

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