allowance of cpital loss
This query is : Resolved
CA satya sai
(Querist)
17 September 2008
hello sir,
Is the allownace of caital loss is possible without transfer of capital loss?
Is the allownace of caital loss is possible without transfer of capital loss?
17 September 2008
Your query is not clear.
CA satya sai
(Querist)
17 September 2008
IS it possible to claim capital loss without transfer of asset ?
17 September 2008
No, the capital loss can only accrue to someone if the capital asset is transferred whether as a result of sale or salvaged after destruction/damage or discarded and sold at the scrap value.
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