Eligibility for taxable income.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 May 2013
Reversal of diminution in the value of investment is taxable or not as per Income Tax Act 1961.
Deepak Agrawal
(Expert)
14 May 2013
only if at the time of diminution, the same was claimed as expenditure, then now it should be taxable on reversal or appreciation in the value of the investment.
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