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.

Amol S Joglekar

Amol S Joglekar (Expert)
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17 March 2015 Show it under capital gain. No need to account for under the head income from other sources.

Rupesh Jain

Rupesh Jain (Expert)
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17 March 2015 its come udner the capital gain head.

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