what’s the position of capital gain up to the date of conversion

what's the position of capital gain up to the date of conversion

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  Time limit to purchase new property to claim exemption u/s 54/54F

For the purpose of section 54/54F r.w.s 45(2) , does the time limit to purchase the new property to claim the exemption u/s 54 and 54F apply from the date of conversion of capital asset into stock in trade or date on which stock-in-trade is sold?

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