treatment of capital loss in balance sheet
This query is : Resolved
KAMALIKA DEY DHARA
(Querist)
20 February 2010
i am an investor. I sold my shares some of them long term and some short term.this amounts to Rs 2,06,750.
As per income tax act i can adjust this loss in the following year,but my question is how to place this loss in the balance sheet.kindly help
As per income tax act i can adjust this loss in the following year,but my question is how to place this loss in the balance sheet.kindly help
CA CHINTAN AJMERA
(Expert)
20 February 2010
you can saw it asstes side as a loss or reduce from the capital both are allowed.
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