Writing off cost of shares which went into liquidation
This query is : Open
27 August 2020
I have purchased shares of Bharati Defence Limited ( formerly Bharati Shipyard Ltd.) from the market. The company has gone into to liquidation as per NCLAT order.
When can I show the cost of purchase of shares in my books of account as capital loss for income tax purpose ?
Please advise.
Cs Pankaj Ajmera
When can I show the cost of purchase of shares in my books of account as capital loss for income tax purpose ?
Please advise.
Cs Pankaj Ajmera
31 August 2020
Yes. Capital Gain or loss needs to be calculated
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Eway bill for machinery reparing
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- ITR validation error - Balance sheet is not filled
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
