INCOME TAX

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.

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

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?

Yes long term loss can be set off against such income and can be written off

Thanks. So delisted/non tradeable shares can be written off and long term loss arising out of that can be set ff against long term gain.

Yes you can

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