{"id":27207,"date":"2022-06-02T11:16:03","date_gmt":"2022-06-02T05:46:03","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=27207"},"modified":"2022-06-02T11:16:03","modified_gmt":"2022-06-02T05:46:03","slug":"treatment-of-conversion-cost-where-agriculture-land-converted-in-to-stock","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/treatment-of-conversion-cost-where-agriculture-land-converted-in-to-stock\/","title":{"rendered":"Treatment of conversion cost where agriculture land converted in to stock"},"content":{"rendered":"<p>What should be the Treatment of conversion cost where agriculture land converted in to stock.<\/p>\n<p>The conversion expenses like development of land and government fee for conversion paid first and later the land was converted for non-agriculture purpose. The land is treated as stock after conversion into non-agriculture.<\/p>\n<p>While calculating Long Term Capital Gains, the conversion cost and indexed cost of acquisition both be considered?<\/p>\n<p>or<\/p>\n<p>Only cost of acquisition is considered and cost of conversion will be considered as business expenditure?<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[46,614],"class_list":["post-27207","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-agricultural-land","qa_tag-stock-in-trade"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/27207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=27207"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=27207"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=27207"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=27207"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=27207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}