Dear Seniors,
Kindly assist me with the following Query.
1) Made a company FD ( Avon group ) for 1 years ( Apr-2012 maturity ) , another for 2 years ( Jun-2013 maturity )
2) AVON company customer support has been delaying the payment of prinicipal, and the interest for the 1-year FD, now delayed for 1-year now.
How could I in this case claim a loss of Principal amount, and show it in the ITR to atleast reduce little bit my tax liability ?
Thanking you in advance,
V Chir
CAclubindia
