For stock
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 September 2016
SIR,
I HAD FILE THE INCOME TAX RETURN A.Y 2016-17 MY QUESTION IS MY SOME STOCK WAS BREAKAGE (IF STOCK IS 500000/- AND BREAKAGE IS 50000/-) THAN WHAT STOCK MENTION IN TRADING ACCOUNT
PLEASE HELP
THANKING YOU
I HAD FILE THE INCOME TAX RETURN A.Y 2016-17 MY QUESTION IS MY SOME STOCK WAS BREAKAGE (IF STOCK IS 500000/- AND BREAKAGE IS 50000/-) THAN WHAT STOCK MENTION IN TRADING ACCOUNT
PLEASE HELP
THANKING YOU
07 September 2016
you can claim the stock which is saleable......if it is breakage, then you can claim the same as expenses
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