https://www.taxtmi.com/forum/issue?id=113981 An estate operated as an Estate as AOP continued trading in immovable property and distributed stock to members at cost via Capital Account debits and Trading Account credits. Key operative questions: correctness of that accounting treatment; inclusion of transfer value in turnover for tax-audit thresholds; characterization of received assets as stock-in-trade or capital assets for transferees not in the trade; and whether the estate may continue trading with third parties versus only distributing existing stock. Advisers recommended consulting a chartered accountant. en-us Wed, 25 Jul 2018 21:08:15 +0530 Thu, 23 Jan 2025 15:55:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113981 An estate operated as an Estate as AOP continued trading in immovable property and distributed stock to members at cost via Capital Account debits and Trading Account credits. Key operative questions: correctness of that accounting treatment; inclusion of transfer value in turnover for tax-audit thresholds; characterization of received assets as stock-in-trade or capital assets for transferees not in the trade; and whether the estate may continue trading with third parties versus only distributing existing stock. Advisers recommended consulting a chartered accountant. Discussion-Forum Income Tax Wed, 25 Jul 2018 21:08:15 +0530 https://www.taxtmi.com/forum/issue?id=113981