A PERSON HAS INVESTED 100000 IN A COMPANY. THAT COMPANY GOES INTO LIQUIDATION. REALISATION FROM ASSETS IS DISBURSED TO MEET THE LIABILITIES. SHAREHOLDER DIDN'T GET ANYTHING IN RETURN.
NOW, WHAT WILLBE THE TREATMENT OF THAT 100000 THAT WAS INVESTED
AND WHETHER IT WILL BE A REVENUE OR CAPITAL LOSS
WHAT WILL BE THE TREATMENT IN ACCCOUNTS
No doubt It is capital loss only. Since he inveted in a company.
total amt treated as capital loss becoz he invest in company and company goes to liquidation
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
Varma Raja & Associates
Thrissur
CA Inter
View Details
RMA And Associates LLP
New Delhi
CA Inter
View Details
Goodwin Pumps India Pvt Ltd
Chengalpattu
CA Inter
View Details
Malhotra Rajesh & Associates
New Delhi
B.Com
View Details
Krea University
Chennai
CA
View Details
CCI
Pro
CAclubindia
