Loss due to non tradeable stocks

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 .