banner_ad

Reporting of capital gain - NCDs not recoverable

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 July 2022 Dear Sir / Madam,

Mr A had invested in NCDs of reputed NBFC which is now matured but not recoverable as the matter is with the court. The due date is already over and maturity amount is not received. The purchase cost was Rs. 25000/- and Maturity amount is Rs. 33400/-.

Is it required to be shown under capital gain even though no maturity amount is received? how to treat this in ITR?

Kindly guide
Regards,
Suraj
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
05 July 2022 Report this in ITR when the amount is received.
Profile Image

Suraj

Profile Image

Suraj (Querist)
05 July 2022 I also thought similar & felt logical. Thank You Sir !!!
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
05 July 2022 You are welcome..........
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details