income

This query is : Resolved 

16 January 2010 wheather loan waiver is taxable or not

16 January 2010 i just want to know from you..Is A loan waiver an income?you take a loan from a bank and then get it waived by whatever options..will you treat the same as income?

just let me know and then ask..

Rohin




22 January 2010 IF not then wHY
AND ANOTHER QUESTION

I AM NOT HAVING ANY SHARES
I SALE 200 SHARES @ 200 BY WAY OF SHORT SALE.
AFTER THAT I HAS NOT TAKEN ANY ACTION FOR PURCHASE AFTER TWO DAYS 200 SHARES ARE AUTMATICALLY PURCHASED FROM MY ACCOUNT @ 250.
WHAT WILL BE TRATMENT OF LOSS WHEATHER IT IS SPECULATIVE OR NOT.


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