Tax exemption on the sale of capital assets converted into stock-in-trade--Clarification regarding section 45(2) read with section 54E of the Income-tax Act, 1961 https://www.taxtmi.com/circulars?id=4977 Conversion of a capital asset into stock-in-trade is the date of transfer for the purpose of determining the six-month investment period required to claim exemption under section 54E; postponement of assessment to the year of actual sale does not change the date from which the investment window runs. en-us Fri, 18 May 1990 00:00:00 +0530 Fri, 08 Aug 2008 12:27:00 +0530 TaxTMI RSS Generator Tax exemption on the sale of capital assets converted into stock-in-trade--Clarification regarding section 45(2) read with section 54E of the Income-tax Act, 1961 https://www.taxtmi.com/circulars?id=4977 Conversion of a capital asset into stock-in-trade is the date of transfer for the purpose of determining the six-month investment period required to claim exemption under section 54E; postponement of assessment to the year of actual sale does not change the date from which the investment window runs. Circulars Income Tax Fri, 18 May 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4977