- Global site
- Africa
- Americas
- Asia Pacific
- Europe
- Middle East
Consumer, Retail & E-commerce Home
Article
Budget 2023 expectations of retail sector
Top 5 budget 2023 expectations of retail sector
Automotive and Manufacturing Home
Article
Budget for auto sector: Focus on electric vehicles and alternate fuels
Budget for the auto sector
Real estate and Construction Home
Article
Impact of interest rate surge on the real estate sector
Interest rate hike and its impact on the real estate sector

"Conversion of stock-in-trade into capital asset is a prevalent business practice, like conversion of shares held as stock-in-trade to investments. However, the tax laws did not provide a mechanism to tax the income arising from such conversion or the basis for determining the value of the resulting capital asset, which had led to considerable dispute and litigation."
Vikas Vasal
Partner, Grant Thornton India LLP
This article appeared in The Hindu Business Line on 05th September, 2018.
Also appears under...