Convert Stocks into Investment

I have been into trading of shares. If I discontinue this business activity and hold closing-stock-of-shares as investment, what would be the tax implications? Sudarshan Kumar, New Delhi Stock in trade can be converted into a capital asset or vice versa merely by declaring the intention to do so and by supporting such an intention by adequate documents and by the way in which the transactions are recorded. The differential tax treatment of any

This article was originally published on December 19, 2002.