purchase of share
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 December 2009
Dear sir,
I have purchase 10000 shares of pvt ltd company at Rs 10/- each.
After six months same shares are sold at
Rs. 5/- Wheter said loss is consider as
short term loss or business loss.
pl give me guidance.
Thanking you
I have purchase 10000 shares of pvt ltd company at Rs 10/- each.
After six months same shares are sold at
Rs. 5/- Wheter said loss is consider as
short term loss or business loss.
pl give me guidance.
Thanking you
CA. Bikash Bogi
(Expert)
11 December 2009
Short Term
12 December 2009
Short term capital loss. However, if you are an NBFC or are doing the business of trading in securities, then business loss
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