https://www.taxtmi.com/acts?id=32590 For conversion of inventory into a capital asset, fair market value is determined by: stamp duty value for immovable property; specialised valuation procedure for jewellery, art and certain shares or securities with the conversion date as valuation date; and the ordinary open market sale price for all other inventory on the conversion date. en-us Sat, 01 Sep 2018 15:34:41 +0530 Mon, 11 Oct 2021 12:10:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32590 For conversion of inventory into a capital asset, fair market value is determined by: stamp duty value for immovable property; specialised valuation procedure for jewellery, art and certain shares or securities with the conversion date as valuation date; and the ordinary open market sale price for all other inventory on the conversion date. Act-Rules Income Tax Sat, 01 Sep 2018 15:34:41 +0530 https://www.taxtmi.com/acts?id=32590