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Allowability of loss

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07 February 2012 pls ans my Small Que.:Loss due to permanent Demunition in the value of investment whether allowable as exps.If yes Under Which HEad.............And Also Ans. HOw We Can ascertain that there is permanent demunition ????????
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Jitender

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Jitender (Expert)
07 February 2012 Permanent dimunition is not passed through P&L a/c.
there should be concrete evidence of permanent demunition such as involvency of company or continuous cash losses etc.
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