<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Profit from Asset Conversion Taxed as Capital Gains and Business Income: Understanding Tax Implications for Converted Stock.</title>
    <link>https://www.taxtmi.com/highlights?id=28973</link>
    <description>If the assessee has converted capital asset into stock in trade in prior years, then part of the profit arising on sale of land, shall be chargeable to tax under the head capital gains and part of the profit under the head business income - AT</description>
    <language>en-us</language>
    <pubDate>Wed, 04 May 2016 09:14:40 +0530</pubDate>
    <lastBuildDate>Wed, 04 May 2016 09:14:40 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=426597" rel="self" type="application/rss+xml"/>
    <item>
      <title>Profit from Asset Conversion Taxed as Capital Gains and Business Income: Understanding Tax Implications for Converted Stock.</title>
      <link>https://www.taxtmi.com/highlights?id=28973</link>
      <description>If the assessee has converted capital asset into stock in trade in prior years, then part of the profit arising on sale of land, shall be chargeable to tax under the head capital gains and part of the profit under the head business income - AT</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Wed, 04 May 2016 09:14:40 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=28973</guid>
    </item>
  </channel>
</rss>