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INCOME TAX

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RAJEEV KUMAR MEHTA

Business

434 Points Posted on 02 January 2021

Can I write off delisted and non trade-able shares and claim long term loss?

Replies (5)

Quick Summary

This discussion clarifies whether delisted and non-tradable shares can be written off for tax purposes, allowing you to claim a long-term capital loss. The consensus is that yes, such shares can be written off, and the resulting long-term loss can indeed be set off against your long-term capital gains. This offers a valuable avenue for tax relief on investments that have become untradeable.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 02 January 2021

Long term loss can be set off against capital gain and speculation activities can be set off against only such speculation income not on other income or carry forward the loss for maximum 8 years

RAJEEV KUMAR MEHTA

Business

434 Points Posted on 02 January 2021

Thanks for responding! Point made by you is clear but whether delisted and/or non tradeable shares can be written off in books and lon term loss arising out that can be set off against long term loss?