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Shares sold at a loss

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(Querist)
18 June 2013 Friends,
If a company buys shares of facevalue Rs10 at a premium @ Rs110 and later sells them at a loss at Rs10,what will be the tax consequences?
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Rupesh Jain

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Rupesh Jain (Expert)
18 June 2013 r/sir

loss on sale of share will set off with capital gain head income.
and you can carry forward for set off in future. income

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