https://www.taxtmi.com/highlights?id=51963 Shares converted into stock-in-trade - Valuation adopted for conversion of investments to stock-in-trade, opening stock and closing stock - where an assessee converts his capital assets into stock-in-trade and starts dealing with them, the taxable profit on the sale must be determined by deducting on sale proceeds and the market value at the time of their conversion into stock-in-trade - HC en-us Mon, 24 Feb 2020 08:57:11 +0530 Mon, 24 Feb 2020 08:57:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51963 Shares converted into stock-in-trade - Valuation adopted for conversion of investments to stock-in-trade, opening stock and closing stock - where an assessee converts his capital assets into stock-in-trade and starts dealing with them, the taxable profit on the sale must be determined by deducting on sale proceeds and the market value at the time of their conversion into stock-in-trade - HC Highlights Income Tax Mon, 24 Feb 2020 08:57:11 +0530 https://www.taxtmi.com/highlights?id=51963