Hi
I hold 5000 shares of Lakshmi Vilas Bank recently Reserve Bank LVB with DBS Bank India Ltd. & wrote-off the equity Capital.
@ Face Value of Rs.10 I have lost capital of 50,000/-.
How can I show this Loss in my Income Tax returns? Under what heading / Section I can claim this Capital loss?
Please advise.
Show this loss as STCL OR LTCL as the case may be.
for example.
Cost of Acquisition 50,000
sale consideration 0
LOss 50000
Jawahar and Associates Chartered Accountants
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