I have a few equity stocks in my portfolio where the trading has been stopped since several years as the companies have gone into liquidation. The total value is about 2 lakhs. Is there any way by which I can show these as capital loss while filing my IT returns.
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Loss due to non tradeable stocks
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You can claim a capital loss when the shares are deemed worthless. Proof of worthlessness is needed. You can report this capital loss i your income tax returns under the head "Capital Gains".
Sir
Thanks. I checked the ITR 2 but was not able to find a column where this ccan be reported. And what proof can we show for the worthlessness ?
Though the stock is not tradable the ownership still remanins. If not exited through market need to exit while the company announces buy back and book the loss.Once sold loss can be claimed .
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