Surrender value of unlisted equity shares is consider income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 March 2015
Friends,
Surrender value of unlisted equity shares(face value 6500/-) amount received 2380/- is consider in computation of total income it is consider income from other sources head and loss on sale of investments 4120/- is it show under the head of business income .
if receipt amount shows income from other sources loss on investments is show must and should , any exemption is available.
Surrender value of unlisted equity shares(face value 6500/-) amount received 2380/- is consider in computation of total income it is consider income from other sources head and loss on sale of investments 4120/- is it show under the head of business income .
if receipt amount shows income from other sources loss on investments is show must and should , any exemption is available.
Amol S Joglekar
(Expert)
17 March 2015
Show it under capital gain. No need to account for under the head income from other sources.
Rupesh Jain
(Expert)
17 March 2015
its come udner the capital gain head.
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