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Surrender value of unlisted equity shares is consider income

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 March 2015 Friends,

Surrender value of unlisted equity shares(face value 6500/-) amount received 2380/- is consider in computation of total income it is consider income from other sources head and loss on sale of investments 4120/- is it show under the head of business income .
if receipt amount shows income from other sources loss on investments is show must and should , any exemption is available.
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Amol S Joglekar

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Amol S Joglekar (Expert)
17 March 2015 Show it under capital gain. No need to account for under the head income from other sources.
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Rupesh Jain

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Rupesh Jain (Expert)
17 March 2015 its come udner the capital gain head.
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