Capital Loss Applicable on Delisted (or Non-trading Stocks)
This query is : Resolved
05 January 2022
Dear Peers, Pranam!
My Hearty Happy New Year Wishes!
I have been invested approximately one lakh rupees in "LANCO Infratech Co. Ltd" in 2018 September and unfortunately the Shares been delisted from both NSE and BSE later in the same month. My purchase was Rs. 5.00 and at the last traded price was forty two paise only (Rs.0.42).
The same experienced in the case of LEEL Electricals (Former Lloyd Electrcal) the share price have been jumped down from the level of Rs.40 to around two rupees (Rs.2.50) then been delisted.
I have invested around twentyfour thousands rupees in LEEL.
Both the companies shares not been trading in the BSE or NSE at present.
So the last traded holding price are :
LANCO infra 20,000 x Rs.0.42 = Rs.8400/- (buoght price 20000x Rs.5 = 1 lakh )
LEEL Elect 600 x Rs.2.50 = Rs.1500/- (buoght price 600x Rs.40 = 24000/- )
So whether I could incorporate my investment amount of Rs.1.24 lakhs by showing against the last traded price to 8400+ 1500 = Rs.9900/-
I mean whether I could incorporate in my ITR a loss of 124000 - 9900 = 114100/- (A loss of one lakh fourteen thousands one hundred rupees only)
Anticipating your response,
Thanking you,
gk
My Hearty Happy New Year Wishes!
I have been invested approximately one lakh rupees in "LANCO Infratech Co. Ltd" in 2018 September and unfortunately the Shares been delisted from both NSE and BSE later in the same month. My purchase was Rs. 5.00 and at the last traded price was forty two paise only (Rs.0.42).
The same experienced in the case of LEEL Electricals (Former Lloyd Electrcal) the share price have been jumped down from the level of Rs.40 to around two rupees (Rs.2.50) then been delisted.
I have invested around twentyfour thousands rupees in LEEL.
Both the companies shares not been trading in the BSE or NSE at present.
So the last traded holding price are :
LANCO infra 20,000 x Rs.0.42 = Rs.8400/- (buoght price 20000x Rs.5 = 1 lakh )
LEEL Elect 600 x Rs.2.50 = Rs.1500/- (buoght price 600x Rs.40 = 24000/- )
So whether I could incorporate my investment amount of Rs.1.24 lakhs by showing against the last traded price to 8400+ 1500 = Rs.9900/-
I mean whether I could incorporate in my ITR a loss of 124000 - 9900 = 114100/- (A loss of one lakh fourteen thousands one hundred rupees only)
Anticipating your response,
Thanking you,
gk
05 January 2022
Yes, you can report so in ITR. As you last full money you can enter sale value as 1.
09 January 2022
Thank you very much Seetharaman Sir for your quick response.
But sale value as 1 means ...? Sir, could you please clarify/explain your second sentence above: "As you last full money you can enter sale value as 1"
Regards
gk
But sale value as 1 means ...? Sir, could you please clarify/explain your second sentence above: "As you last full money you can enter sale value as 1"
Regards
gk
10 January 2022
Software program will not accept zero value so I suggested to enter 1.
14 January 2022
Dear Seetharaman Sir,
Thank you very much for your valuable response.
In your first response you did respond as: " Yes, you can report so in ITR. As you last full money you can enter sale value as 1"
In above, I think that the word "last" is a typographical error and I should be understand as "lost" .... ?
Best Regards,
gk
Thank you very much for your valuable response.
In your first response you did respond as: " Yes, you can report so in ITR. As you last full money you can enter sale value as 1"
In above, I think that the word "last" is a typographical error and I should be understand as "lost" .... ?
Best Regards,
gk
14 January 2022
Yes, it's typographical error.
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