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How to book LTCL on trading suspended equity shares?

Others 197 views 1 replies
I purchased equity shares of a company in January 2018 and the share price declined almost to zero subsequently and its trading was also suspended in October 2019 by SEBI for non-compliance of Exchange Regulations by the company. As it is not possible to sell the shares now, how can I book the heavy LTCL(Long Term Capital Loss) of the Suspended Shares in my IT Returns? Is there a way to book the loss? The Company seems to be a fake one and there is no hope of its resuming trading in future.
Replies (1)
If you have any LTCG then such LTCL can be set off against LTCG. In case you don't have LTCG then carry forward the LTCL


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