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Can I write off delisted and non trade-able shares and claim long term loss?
Replies (5)
Quick Summary
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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