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Sale of unlisted shares by the company

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(Querist)
11 March 2022 Hi All

One of my clients has invested in shares of unlisted company. This year they have transferred these shares at free of cost. What will be the treatment of loss as per income tax act? Wht entry is to be passed in the books of accounts for the same?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 July 2022 What was the FMV of these share on the date of transfer?
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