https://www.taxtmi.com/forum/issue?id=2022 Conversion of stock-in-trade into a capital asset does not trigger tax immediately; capital gains tax arises only on subsequent transfer, with the fair market value at conversion deemed as the full value of consideration for computing capital gains and the original holding period while it was stock-in-trade being relevant to holding period attribution. en-us Tue, 29 Jun 2010 13:03:38 +0530 Thu, 23 Jan 2025 15:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2022 Conversion of stock-in-trade into a capital asset does not trigger tax immediately; capital gains tax arises only on subsequent transfer, with the fair market value at conversion deemed as the full value of consideration for computing capital gains and the original holding period while it was stock-in-trade being relevant to holding period attribution. Discussion-Forum Income Tax Tue, 29 Jun 2010 13:03:38 +0530 https://www.taxtmi.com/forum/issue?id=2022