Loss of fake curency. Is this a capital Loss or PGBP loss
I think it is a revenue loss only.
Its not at all a capital loss. Its a business loss only.
It can be taken on equal footing with currency loss by way of damage, theft, etc. and hence a revenue loss only.
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
Resollect Technologies Pvt Ltd
Mumbai
CA
Anupam Parashar & Co.
Ghaziabad
CA Final
Goyanka and Associates
New Delhi
CA Inter
K A R M & CO
CMA
ANIVESH CONSULTANTS LLP
Gurgaon
Austin Med Solutions Pvt Ltd
Bengaluru
RBSM Corporate Advisors Private Limited
Pune
K R Kiran Kumar & Associates
India's largest network for finance professionals
Alternatively, you can log in using: