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Tax treatment and IT returns filing for defaults in NCD

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(Querist)
02 August 2020 Hi,
One of my client (Individual) had invested in the NCDs of Dewan Housing finance. However post their default, client has not received even the principle on maturity. Is there any benefit in Income tax that they can get against this loss? what are the relevant regulations?
Thanks,
Rohan
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CA PARTH SHAH

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CA PARTH SHAH (Expert)
03 August 2020 Your client can claim capital loss under the head Income from Capital gains.
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