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Loss during purchase sale shares

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Pivate
1492 Points Posted on 27 March 2022
Dear Sir,

during purchase sale of shares we have losses of Rs.157/- so can we adjust with Capital account or transfer loss of Rs.157/- to profit loss account. please note that purchase sale of shares is not a main business.
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On 27 March 2022 at 12:48 Report
Replies (4)
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CFO- at NHTF
58280 Points Posted on 27 March 2022
Consider it under loss from capital gains ..
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On 27 March 2022 at 13:19
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GST Practitioner & Accounts
15093 Points Posted on 27 March 2022
If it is not main business , then Investing in shares will be Investment , and as per AS 13 loss will be transferred to profit and losss account.
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On 27 March 2022 at 13:26
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CFO- at NHTF
58280 Points Posted on 27 March 2022
You need to adjust in IT Computation.

You have to reverse it from business and consider it under capital gains..

( Incomes considered seperately )
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On 27 March 2022 at 13:28
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GST Practitioner & Accounts
15093 Points Posted on 27 March 2022
Please do not consider my above reply loss transfer to p&L .
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On 27 March 2022 at 18:29


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