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
Amol S Joglekar
(Expert)
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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