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
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