Capital gain query

Debtors of the company does not constitutes an Capital Asset, hence the loss arising on Debt Factoring also would not be a Capital Asset & hence would come under PGBP & not Capital Gain.

Capital asset refers to an asset which is not held by the organization in the ordinary course of the business & is not intended for sale in the near future.  So loss/gain arsing from sale of an Capital Asset would be assessed under Capital Gains.  So I don’t think that your analysis is correct.

Debtors of the company are held in the ordinary course of the business & any loss arising in relation to such would be assessed under PGBP.