TAX
This query is : Resolved
Guest
Guest
(Querist)
06 March 2009
THERE ARE SOME SHARES IN THE NAME OF COMPANY . AFTER SELLING THE SHARES LOSS HAS OCCURED . IS THIS LOSS IS ALLOWED OR DISALLOWED AS PER INCOME TAX
CA Tilak Raj Sharma
(Expert)
06 March 2009
If these share are held as investment, then on the sale the short term or long term capital loss will be incurred.
Capital loss can be adjusted only against capital profit, not with the business profit.
Capital loss can be adjusted only against capital profit, not with the business profit.
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