Dear all,
I have invested in lakshmi Vilas bank and due to merger all shares were written off during nov 2020. Can I claim this purchase cost as loss in my itr for f.y 2020-2021?
Shares purchased on Mar 2020
Menu
Effect when shares written off
Replies (3)
No. That is not allowed under IT act.
I have not received any amt on account of this neither I can claim as loss , this is totally unfair right?
Yes, that is the issue when there is no sale transaction...
Recent Threads
- New GST Reforms 2025 Announced by PM Modi –
- Share capital Amount
- Fund claimed as nominee of deceased Parent
- ITC claim on cements and Steels
- Reverse charge can transport company collect Rever
- LTCG-LOSS ON SALE OF EQUITY SHARES
- Exploring E-Invoicing and Automation: Transforming
- Tax Filing 2026
- Best CA Inter Costing classes
- Best CA foundation classes
Related Threads
CAclubindia
