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Loss on capital work in progress

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(Querist)
28 November 2014 Dear Sir

How can we treated under IT ACT 1961 in case of loss on Capital Work in progress written off


Thanks and regards

Rahul Khatter
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 November 2014 It will be treated as capital loss and will not be allowed as deduction under Income tax Act.
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Rupesh Jain

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Rupesh Jain (Expert)
28 November 2014 its capital loss not a revenue loss so not deductible under the income tax act




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